Link Back to Chapter 4 (Classified Balance Sheet). The accounts of Taylor Electr
ID: 2349621 • Letter: L
Question
Link Back to Chapter 4 (Classified Balance Sheet). The accounts of TaylorElectronics 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(all long-term) 11,000
Bonds payable, long-term 164,000
Rory, capital 175,000
Unearned service revenue 3,000
Report these liabilities on the Route Maker Wireless balance sheet, including
headings and totals for current liabilities and long-term liabilities.
Explanation / Answer
CL: Accounts payable $76,000 Salary payable $9,500 Interest payable 19,000 Unearned service revenue 3,000 Bonds payable, current installment 30,000 long-term liabilities: Mortgage note payable, long-term 80,000 Premium on all bonds payable(all long-term) 11,000 Bonds payable, long-term 164,000 Capita: Rory, capital 175,000