Accounting 2
gibons
hho9e_p11_27a_eip_stud.xlsP11-27A
| Accounting, 9e | ||||||
| P11-27A | Report liabilities on the balance sheet | |||||
| LO 4 [10-15 minutes] | ||||||
| Students please fill-in areas that are shaded | ||||||
| Student Name | ||||||
| Course Name | ||||||
| Student ID: | ||||||
| Date: | ||||||
| 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. | ||||||
| Test Your Knowledge | ||||||
| P11-27A | ||||||
| Req. 1 | ||||||
| Route Maker Wireless | ||||||
| Balance Sheet (partial) | ||||||
| March 31, 2012 | ||||||
| LIABILITIES | ||||||
| Current liabilities: | ||||||
| Total current liabilities | - 0 | |||||
| Long-term liabilities | ||||||
| Total long-term liabilities | - 0 | |||||
| Total liabilities | $ - 0 |
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