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Ivanhoe Management Services began business on January 1, 2020, with a capital investment of $110,700. The...


Ivanhoe Management Services began business on January 1, 2020, with a capital investment of $110,700. The company manages con
3,684 65,900 129.900 58,800 2,456 65,900 129,900 58,800 12,100 6,000 110,700 154,184 12,100 1.200 110,700 154,184 21,700 21,7
1100 Service Revenue 91,300 Rent Revenue 29,000 Salaries and Wages Expense 41,800 Advertising Expense 20,600 Utilities Expens
Prepare a classified balance sheet. (Note: $33.600 of the mortgage note payable is due for payment next year) (List Current A
Ivanhoe Management Services began business on January 1, 2020, with a capital investment of $110,700. The company manages condominiums for owners (Service Revenue) and rents space in its own office building (Rent Revenue). The trial balance and adjusted trial balance columns of the worksheet at the end of the first year are as follows. Ivanhoe Management Services Worksheet For the Year Ended December 31, 2020 Trial Balance Dr. Cr. 13,800 28.100 3.684 65.900 129.900 58.800 Cash Accounts Receivable Prepald Insurance Land Buildings Equipment Accounts Payable Uneamed Ret Revenue Mortgage Payable Owner's Capital Owner's Drawing Service Revenue Rent Reven Adjusted Trial Balance Dr. Cr. 13.800 28.100 2456 65,900 129.900 58,800 12.100 1.200 110.700 154.184 21700 91300 33200 12.100 6.000 110.700 154184 21.700 91.300 29.000 4 $ 4 % 5 6 & 7 8 9 0 W E R T Y U O P D G H K x C V B N < M D alt command option
3,684 65,900 129.900 58,800 2,456 65,900 129,900 58,800 12,100 6,000 110,700 154,184 12,100 1.200 110,700 154,184 21,700 21,700 Prepaid Insurance Land Buildings Equipment Accounts Payable Uneamed Rent Revenue Mortgage Payable Owner's Capital Owner's Drawings Service Revenue Rent Revenue Salaries and Wages Expense Advertising Expense Utilities Expense Totals Insurance Expense Depreciation Expense Accumulated Depreciation--Buildings Accumulated Depreciation Equipment Interest Expense Interest Payable Totals 91,300 29,000 91,300 33,800 41.800 20,600 19.000 403 284 41.800 20,600 19,000 403,284 1.228 6,800 3.100 3,700 10.500 10.500 420.580 420,584 09 98 F1 $ 4 3 % 5 & 7 6 8 9 0 W R T Y U o Р s D F G H J K K < A X Х C V B N. M
1100 Service Revenue 91,300 Rent Revenue 29,000 Salaries and Wages Expense 41,800 Advertising Expense 20,600 Utilities Expense 19.000 Totals 403,284 403.294 Insurance Expense Depr. Expense Accum. Depr.-Buildings Accum. Depr.--Equipment Interest Expense Interest Payable Totals 30. $ 4 3 % 5 6 7 8 9 0 E R T Y U O Р D F G Н. J K с C < V B N M 36 command option
Prepare a classified balance sheet. (Note: $33.600 of the mortgage note payable is due for payment next year) (List Current Assets in order of liquidity. List Property. Plant and Equipment in order of Land, Buildings and Equipment.) IVANHOE MANAGEMENT SERVICES Balance Sheet Assets $ 3 26 5 7 Q w E R т Y * C 1 o Р А S D F G H J K к L N X C V B N V М. 9€ 9f command command option
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$ 44,356 Land $ 247,800 $ 292,156 Ivanhoe Management Services Balance Sheet December 31, 2020 Assets Current Assets Cash $ 13

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