Included in Adams Company’s December 31, 2014, trial balance are the following a

Question

Included in Adams Company’s December 31, 2014, trial balance are the following accounts: Accounts Payable $240,480; Pension Liability $375,780; Discount on Bonds Payable $33,290; Unearned Rent Revenue $42,750; Bonds Payable $403,420; Salaries and Wages Payable $32,890; Interest Payable $14,530; Income Taxes Payable $35,130.

Prepare the long-term liabilities section of the balance sheet.

Adams Company
Balance Sheet (Partial)
December 31, 2014

Adams Company
Balance Sheet (Partial)
December 31, 2014

Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal InvestmentsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity

$

    Add    Less    :

$

$

Explanation / Answer

Long-term liabilities:

Bonds Payable $403,420

Pension Liability $375,780

Current liabilities:

Accounts Payable $240,480

Unearned Rent Revenue $42,750

Salaries and Wages Payable $32,890

Interest Payable $14,530

Income Taxes Payable $35,130

Discount on Bonds Payable ($33,290)

$1,111,690

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---