P11-27A Link Back to Chapter 4 (Classified Balance Sheet). The accounts of Taylor Electronics Company are listed along with

Link Back to Chapter 4 (Classified Balance Sheet). The accounts of Taylor Electronics Company are listed along with their balances before closing for the month ended March 31, 2012.

Accounts payable                        $76,000 Salary payable                                  $9,500 

Mortgage note payable, long-term 80,000 Bonds payable, current installment 30,000 

Interest payable                                 19,000 Premium on all bonds payable

Bonds payable, long-term                164,000                                (all long-term) 11,000 

Rory, capital                               175,000 Unearned service revenue                  3,000 

Requirements:

1.   Report these liabilities on the Route Maker Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities.