Marla Corporation\'s ledger includes the following selected account balances at

Question

Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common 560, 820, 55,000 ash Unearned Revenu Discount on Bonds Payable Retained Earnings Paid-in Capital in Excess of Par Value, Preferred Cash Dividends Payable Treasury Stock, Common, 36,000 shares 75,000 300, 100 ccounts Payable Preferred Stock, 12$100 par value, 4,000 shares issued Bonds payable, 1496 Common Stock, $1 par value, 240,000 shares issued The balance sheet prepared at December 31, 2012, would report total liabilities of 80,000 40,000 120, 400 900,0 240 $1,025,000. O$1,160,000. $1,240,000. O $1,080,000. O none of the above. QUESTION 19

Explanation / Answer

CALCULATION OF THE TOTAL LIABILITIES AMOUNT Unearned Revenue $                        55,000 Cash Dividend Payable $                        80,000 Accounts Payable $                    1,20,000 Bonds Payable $                    9,00,000 Discount on Bonds Payable $                        75,000 $                  12,30,000 total liabilities of the marla corporation is $ 1,230,000 So, answer = Option 5 = None of the above

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