Question

Hi, please help with the question below. Make sure you follow the three requirements:

1. Answer the question only in the case that you can make sure you would answer them all

2. Choose the title for each column from my picture (I have posted the options for you, so just choose it, don't make it up by yourself) YOU SHOULD ALSO CALCULATE THE NUMBER FOR EACH QUESTION, NOT JUST CHOOSE THE TITLE!!

3. Strictly follow the format of the chart below to answer the question.

Following are pertinent facts about events during the current year at Crow Bird Snowboards. (Click the icon to view the facts.) Requirement 1. For each item, indicate the account and the related amount to be reported as a current liability on Crow Bird Snowboards' December 31 balance sheet. Round calculations to the nearest dollar. (If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) Account Amount

Answer 1

Note : Interest Expense are calculated from August 31 to December 31

ster U - - - A Format Painter BI to Clipboard B Account Sales Tax Payable ($403,000 * 4%) Note Payable, short term Amount $ 16,120.00 $ 90,000.00 $ 3,000.00 Interest Payable ($150,000*6%)+ $30,000 Interest Expense ($90,000 * 5%) * 4/6 Unearned rent revenue ($4,290/6)*3 $ 2,145.00 $ 8,700.00 Warranty Expense ($11,600 + $27,500 - $30,400 $ 119,965.00

Unearned rent would be for 3 months, January to March.