Homework Answers
| Long term liabilities: | ||
| Bonds payable | $500000 | |
| Less: discount on bonds payable | 42000 | $458000 |
| Mortgage liability (56000-45000) | 515000 | |
| Notes payable | 80000 | |
| Total long term liabilities | $1053000 |
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A B C D E F G H Exercise #4 Presented below are...
Presented below are long-term liability items for Suarez Company at December 31, 2014. Prepare the long-term liabilities...
Presented below are long-term liability items for Suarez Company at December 31, 2014. Prepare the long-term liabilities section of the balance sheet for Suarez Company. Bonds payable, due 2016 $500,000 Mortgage Liability due in one year $45,000 560,000 total Notes Payable, due 2019 80,000 Discount on Bonds Payable 42,000
dugen wileyplus.com/edugen/'student/mainfr.un US Weygandt, Accounting Principles, 12e Downloadable eTextbook ORION Gradebook Assignment &Practice ssignment CES Brief...
dugen wileyplus.com/edugen/'student/mainfr.un US Weygandt, Accounting Principles, 12e Downloadable eTextbook ORION Gradebook Assignment &Practice ssignment CES Brief Exercise 15-8 Presented below are long-term liability items for Lind Company at December 31, 2017 $525,000 Bonds payable, due 2019 65,000 Lease liability Notes payable, due 2022 Discount on bonds payable 75,000 34,125 Prepare the long-term liabilities section of the balance sheet for Lind Company. (Enter account name only and do m Lind Company Balance Sheet (Partial) dy
Problem - 4 (Balance Sheet Adjustment and Preparation) Presented below is the balance sheet of Sargent...
Problem - 4 (Balance Sheet Adjustment and Preparation) Presented below is the balance sheet of Sargent Corporation for the current year, 2014. Current assets Investments Property, plant, and equipment Intangible assets SARGENT CORPORATION BALANCE SHEET DECEMBER 31, 2014 $ 485,000 Current liabilities 640,000 Long-term liabilities 1,720,000 Stockholders' equity 305,000 $3,150,000 $ 380,000 1,000,000 1,770,000 $3,150,000 The following information is presented. 1. The current assets section includes cash $150,000, accounts receivable $170,000 less $10,000 for allowance for doubtful accounts, inventories $180,000,...
Brief Exercise 10-13 Presented here are liability items for Skysong Inc. at December 31, 2022. Accounts...
Brief Exercise 10-13 Presented here are liability items for Skysong Inc. at December 31, 2022. Accounts payable $180,550 FICA taxes payable Notes payable (due May 1, 2023) 23,000 Interest payable Bonds payable (due 2026) 1,035,000 Notes payable (due 2024) Unearned rent revenue 276,000 Income taxes payable Discount on bonds payable 47,150 Sales taxes payable $8,970 46,000 92,000 4,025 1,955 Prepare the liabilities section of Skysong's balance sheet. SKYSONG INC. Balance sheet (Partial) December 31, 2022 Accounts Payable Notes Payable Unearned...
Exercise 10-15 Marin Inc. reports the following liabilities (in thousands) on its January 31, 2017, balance sheet an...
Exercise 10-15 Marin Inc. reports the following liabilities (in thousands) on its January 31, 2017, balance sheet and notes to the financial statements. $4,445.0 Mortgage payable 1,618.0 Operating leases 1,366.0 Notes payable (due in 2020) 2,102.0 Salaries and wages payable Accounts payable $6,750.0 2,493.0 Accrued pension liability Unearned rent revenue 360.0 590.0 Bonds payable Current portion of mortgage payable Income taxes payable 2,212.0 Notes payable (due in 2018) 278.0 Unused operating line of credit Warranty liability-current 2,985.0 3,500.0 1,911.0 Identify...
Exercise 10-15 Shamrock, Inc. reports the following liabilities (in thousands) on its January 31, 2017, balance...
Exercise 10-15 Shamrock, Inc. reports the following liabilities (in thousands) on its January 31, 2017, balance sheet and notes to the financial statements. $7,006.0 2,135.0 393.0 Accounts payable $4,701.0 Mortgage payable Accrued pension liability 1,492.0 Operating leases Unearned rent revenue 1,758.0 Notes payable (due in 2020) Bonds payable 2,754.0 Salaries and wages payable Current portion of mortgage payable 2,114.0 Notes payable (due in 2018) Income taxes payable 308.0 Unused operating line of credit Warranty liability-current 634.0 2,799.0 4,092.0 1,839.0 Prepare...
Exercise 9-1 Classifying liabilities LO C1 The following items appear on the balance sheet of a c...
Exercise 9-1 Classifying liabilities LO C1 The following items appear on the balance sheet of a company with a one year operating cycle. Identify the proper classification of each item as follows: C if it is a current liability, L if it is a long-term liability, or Nif it is not a liability. Item Classification 1.Notes payable (due in 13 to 24 months) 2. Notes payable (due in 6 to 11 months). 3. Notes payable (mature in five years). 4....
Need help please Presented here are liability items for Skysong Inc. at December 31, 2022. Accounts...
Need help please
Presented here are liability items for Skysong Inc. at December 31, 2022. Accounts payable Notes payable (due May 1, 2023) Bonds payable (due 2026) Unearned rent revenue Discount on bonds payable $266,900 34,000 1,530,000 408,000 69,700 FICA taxes payable Interest payable Notes payable (due 2024) Income taxes payable Sales taxes payable $13,260 68,000 136,000 5,950 2,890 Prepare the liabilities section of Skysong's balance sheet. SKYSONG INC. Balance sheet (Partial) We were unable to transcribe this image
Question 4 View Policies Current Attempt in Progress Presented here are liability items for Tamarisk Inc. at Decemb...
Question 4 View Policies Current Attempt in Progress Presented here are liability items for Tamarisk Inc. at December 31, 2022. Accounts payable Notes payable (due May 1, 2023) Bonds payable (due 2026) Unearned rent revenue Discount on bonds payable $196,250 FICA taxes payable $9,750 25,000 Interest payable 50,000 1.125,000 Notes payable (due 2024) 100,000 300,000 Income taxes payable 4,375 51,250 Sales taxes payable 2,125 Prepare the liabilities section of Tamarisk's balance sheet. TAMARISK INC. Balance sheet (Partial)
Question 4 View Policies Current Attempt in Progress Presented here are liability items for Sage Hil...
Question 4 View Policies Current Attempt in Progress Presented here are liability items for Sage Hil Inc at December 31,2022 Accounts payable Notes payable (due May 1,2023) $164850 s8,190 FICA taxes payable 42000 21000 Interest payable 945000 Notes payable (due 2024) 252.000 Income taxes payable 43050 Sales taes payable Bonds payable ldue 2026) Unearmed rent revenue 84000 3675 18s Discount on bonds payable Prepare the liabilities section of Sage Hills balance sheet SAGE HILL INC Balance sheet (Partial) sebook and...
dugen wileyplus.com/edugen/'student/mainfr.un US Weygandt, Accounting Principles, 12e Downloadable eTextbook ORION Gradebook Assignment &Practice ssignment CES Brief Exercise 15-8 Presented below are long-term liability items for Lind Company at December 31, 2017 $525,000 Bonds payable, due 2019 65,000 Lease liability Notes payable, due 2022 Discount on bonds payable 75,000 34,125 Prepare the long-term liabilities section of the balance sheet for Lind Company. (Enter account name only and do m Lind Company Balance Sheet (Partial) dy
Problem - 4 (Balance Sheet Adjustment and Preparation) Presented below is the balance sheet of Sargent Corporation for the current year, 2014. Current assets Investments Property, plant, and equipment Intangible assets SARGENT CORPORATION BALANCE SHEET DECEMBER 31, 2014 $ 485,000 Current liabilities 640,000 Long-term liabilities 1,720,000 Stockholders' equity 305,000 $3,150,000 $ 380,000 1,000,000 1,770,000 $3,150,000 The following information is presented. 1. The current assets section includes cash $150,000, accounts receivable $170,000 less $10,000 for allowance for doubtful accounts, inventories $180,000,...
Brief Exercise 10-13 Presented here are liability items for Skysong Inc. at December 31, 2022. Accounts payable $180,550 FICA taxes payable Notes payable (due May 1, 2023) 23,000 Interest payable Bonds payable (due 2026) 1,035,000 Notes payable (due 2024) Unearned rent revenue 276,000 Income taxes payable Discount on bonds payable 47,150 Sales taxes payable $8,970 46,000 92,000 4,025 1,955 Prepare the liabilities section of Skysong's balance sheet. SKYSONG INC. Balance sheet (Partial) December 31, 2022 Accounts Payable Notes Payable Unearned...
Exercise 10-15 Marin Inc. reports the following liabilities (in thousands) on its January 31, 2017, balance sheet and notes to the financial statements. $4,445.0 Mortgage payable 1,618.0 Operating leases 1,366.0 Notes payable (due in 2020) 2,102.0 Salaries and wages payable Accounts payable $6,750.0 2,493.0 Accrued pension liability Unearned rent revenue 360.0 590.0 Bonds payable Current portion of mortgage payable Income taxes payable 2,212.0 Notes payable (due in 2018) 278.0 Unused operating line of credit Warranty liability-current 2,985.0 3,500.0 1,911.0 Identify...
Exercise 10-15 Shamrock, Inc. reports the following liabilities (in thousands) on its January 31, 2017, balance sheet and notes to the financial statements. $7,006.0 2,135.0 393.0 Accounts payable $4,701.0 Mortgage payable Accrued pension liability 1,492.0 Operating leases Unearned rent revenue 1,758.0 Notes payable (due in 2020) Bonds payable 2,754.0 Salaries and wages payable Current portion of mortgage payable 2,114.0 Notes payable (due in 2018) Income taxes payable 308.0 Unused operating line of credit Warranty liability-current 634.0 2,799.0 4,092.0 1,839.0 Prepare...
Exercise 9-1 Classifying liabilities LO C1 The following items appear on the balance sheet of a company with a one year operating cycle. Identify the proper classification of each item as follows: C if it is a current liability, L if it is a long-term liability, or Nif it is not a liability. Item Classification 1.Notes payable (due in 13 to 24 months) 2. Notes payable (due in 6 to 11 months). 3. Notes payable (mature in five years). 4....
Need help please
Presented here are liability items for Skysong Inc. at December 31, 2022. Accounts payable Notes payable (due May 1, 2023) Bonds payable (due 2026) Unearned rent revenue Discount on bonds payable $266,900 34,000 1,530,000 408,000 69,700 FICA taxes payable Interest payable Notes payable (due 2024) Income taxes payable Sales taxes payable $13,260 68,000 136,000 5,950 2,890 Prepare the liabilities section of Skysong's balance sheet. SKYSONG INC. Balance sheet (Partial) We were unable to transcribe this image
Question 4 View Policies Current Attempt in Progress Presented here are liability items for Tamarisk Inc. at December 31, 2022. Accounts payable Notes payable (due May 1, 2023) Bonds payable (due 2026) Unearned rent revenue Discount on bonds payable $196,250 FICA taxes payable $9,750 25,000 Interest payable 50,000 1.125,000 Notes payable (due 2024) 100,000 300,000 Income taxes payable 4,375 51,250 Sales taxes payable 2,125 Prepare the liabilities section of Tamarisk's balance sheet. TAMARISK INC. Balance sheet (Partial)
Question 4 View Policies Current Attempt in Progress Presented here are liability items for Sage Hil Inc at December 31,2022 Accounts payable Notes payable (due May 1,2023) $164850 s8,190 FICA taxes payable 42000 21000 Interest payable 945000 Notes payable (due 2024) 252.000 Income taxes payable 43050 Sales taes payable Bonds payable ldue 2026) Unearmed rent revenue 84000 3675 18s Discount on bonds payable Prepare the liabilities section of Sage Hills balance sheet SAGE HILL INC Balance sheet (Partial) sebook and...
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