(Solution) - The adjusted trial balance for Karr Bowling Alley at December -(2025 Original AI-Free Solution)

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The adjusted trial balance for Karr Bowling Alley at December 31, 2010, contains the following accounts.

Instructions
(a) Prepare a classified balance sheet; assume that $13,900 of the note payable will be paid in 2011.
(b) Comment on the liquidity of thecompany.