Homework Answers
| Notes payable - Short term | 1,300 |
| Salaries payable | 4,000 |
| Accounts payable | 3,400 |
| Unearned revenue | 2,000 |
| Interest payable | 2,200 |
| Total current liabilities | $12,900 |
Notes payable - Long term, is a long term liability and hence excluded while calculating current liabilities.
All other liabilities given in the question are current liabilities.
Total current liabilities on December 31, 2018 = $12,900
Correct option is (B)
Please ask if you have any query related to the question. Thank you
Add Answer to:
The balances of select accounts of Emotinc as of December 31, 2018 are given below 51300...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics Corporation. Account Title Debits Credits Cash 97,000 Short-term investments 212,000 Accounts receivable 153,000 Long-term investments 50,000 Inventories 230,000 Loans to employees 55,000 Prepaid expenses (for 2019) 31,000 Land 295,000 Building 1,700,000 Machinery and equipment 652,000 Patent 167,000 Franchise 55,000 Note receivable 325,000 Interest receivable 27,000 Accumulated depreciation—building 635,000 Accumulated depreciation—equipment 225,000 Accounts payable 204,000 Dividends payable (payable on 1/16/19) 25,000 Interest payable 31,000 Taxes...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics Corporation. Account Title Debits Credits Cash 75,000 Short-term investments 190,000 Accounts receivable 131,000 Long-term investments 39,000 Inventories 219,000 Loans to employees 44,000 Prepaid expenses (for 2019) 20,000 Land 284,000 Building 1,590,000 Machinery and equipment 641,000 Patent 156,000 Franchise 44,000 Note receivable 270,000 Interest receivable 16,000 Accumulated depreciation—building 624,000 Accumulated depreciation—equipment 214,000 Accounts payable 193,000 Dividends payable (payable on 1/16/19) 14,000 Interest payable 20,000 Taxes...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics Corporation. Account Title Debits Credits Cash 101,000 Short-term investments 216,000 Accounts receivable 157,000 Long-term investments 52,000 Inventories 232,000 Loans to employees 57,000 Prepaid expenses (for 2019) 33,000 Land 297,000 Building 1,720,000 Machinery and equipment 654,000 Patent 169,000 Franchise 57,000 Note receivable 335,000 Interest receivable 29,000 Accumulated depreciation—building 637,000 Accumulated depreciation—equipment 227,000 Accounts payable 206,000 Dividends payable (payable on 1/16/19) 27,000 Interest payable 33,000 Taxes...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics Corporation. Addi...
The following is the ending balances of accounts at December 31,
2018 for the Vosburgh Electronics Corporation.
Additional information:
The common stock represents 1.1 million shares of no par stock
authorized, 510,000 shares issued and outstanding.
The loans to employees are due on June 30, 2019.
The note receivable is due in installments of $51,000, payable
on each September 30. Interest is payable annually.
Short-term investments consist of marketable equity securities
that the company plans to sell in 2019 and...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics Corporation. Cash 71,000 186,000 127,000 37,000 217,000 42,000 18,000 282,000 ,570,000 639,000 154,000 42,000 260,000 14,000 Short-term inveatmenta Accounta receivable Long-term investment Inventorien Loans to employeen Prepaid expenses (for 2019) Land Building Machinery and equipment Patent Pranchise Note receivable Interest receivable Accumulated depreciation-building Accumulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/19) Interest payable Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts...
The following is the ending balances of accounts at December 31, 2018 for the Weismuller Publishing...
The following is the ending balances of accounts at December 31, 2018 for the Weismuller Publishing Company. Account Title Debits Credits Cash 75,000 Accounts receivable 170,000 Inventories 290,000 Prepaid expenses 158,000 Machinery and equipment 330,000 Accumulated depreciation—equipment 115,000 Investments 150,000 Accounts payable 65,000 Interest payable 25,000 Deferred revenue 85,000 Taxes payable 35,000 Notes payable 225,000 Allowance for uncollectible accounts 21,000 Common stock 405,000 Retained earnings 197,000 Totals 1,173,000 1,173,000 Additional information: Prepaid expenses include $130,000 paid on December 31, 2018,...
Refer to the following list of liability balances at December 31, 2019. Accounts Payable $13,000 Employee...
Refer to the following list of liability balances at December 31, 2019. Accounts Payable $13,000 Employee Health Insurance Payable 1,150 Employee Income Tax Payable 1,200 Estimated Warranty Payable (Due 2020) 1,500 Long-Term Notes Payable (Due 2022) 41,000 FICA-OASDI Taxes Payable 1,160 Sales Tax Payable 770 Mortgage Payable (Due 2023) 8,000 Bonds Payable (Due 2024) 59,000 Current Portion of Long - Term Notes Payable 5,500 What is the total amount of long-term liabilities? A. $100,000 OB. $108,000 OC. $41,000 OD. $49,000...
The unadjusted trail balance of Beirut Company at December 31, 2018, included the following account balances....
The unadjusted trail balance of Beirut Company at December 31, 2018, included the following account balances. Beirut’s 2018 finance statements were issued on March 31, 2019. Accounts receivable $ 114,250 Accounts payable 53,600 Notes payable 670,000 Mortgage payable 1,270,000 Other information: a. The notes payable were issued August 1, 2018, and are due on July 31, 2019. The interest rate is 12% payable at maturity. b. The mortgage payable is due on March 1, 2019. Interest at 11% has been...
Saved The following is the ending balances of accounts at December 31, 2018 for the Valley...
Saved The following is the ending balances of accounts at December 31, 2018 for the Valley Pump Corporation. Account Title Debits 30,000 66,000 91,000 Credits Cash Accounts receivable Inventories Interest payable Marketable securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Copyright (net of amortization) Prepaid expenses (next 12 months) Accounts payable Deferred revenues (next 12 months) Notes payable Allowance for uncollectible accounts 15,000 54,000 130,000 325,e00 105,000 85,000 30,000 17,e00 37,000 70,000 25,000 275,000 5,000 25e,eee 60,000 Common stock Retained...
At December 31, 2018, Smole Corporation's adjusted trial balance shows the following balances: (Click the icon...
At December 31, 2018, Smole Corporation's adjusted trial balance shows the following balances: (Click the icon to view more information.) EEB (Click the icon to view the balances.) Requirement 1. Prepare the current liability section of Smole Corporation's balance sheet at December 31, 2018. (If applicable, combine the Notes Payable on one line of the statement.) Data Table Smole Corporation Balance Sheet (partial) December 31, 2018 Accrued Warranty Payable $65,000 Account Amount 7% Notes Payable, due April 30, 2019 165,000...
The following is the ending balances of accounts at December 31,
2018 for the Vosburgh Electronics Corporation.
Additional information:
The common stock represents 1.1 million shares of no par stock
authorized, 510,000 shares issued and outstanding.
The loans to employees are due on June 30, 2019.
The note receivable is due in installments of $51,000, payable
on each September 30. Interest is payable annually.
Short-term investments consist of marketable equity securities
that the company plans to sell in 2019 and...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics Corporation. Cash 71,000 186,000 127,000 37,000 217,000 42,000 18,000 282,000 ,570,000 639,000 154,000 42,000 260,000 14,000 Short-term inveatmenta Accounta receivable Long-term investment Inventorien Loans to employeen Prepaid expenses (for 2019) Land Building Machinery and equipment Patent Pranchise Note receivable Interest receivable Accumulated depreciation-building Accumulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/19) Interest payable Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts...
Refer to the following list of liability balances at December 31, 2019. Accounts Payable $13,000 Employee Health Insurance Payable 1,150 Employee Income Tax Payable 1,200 Estimated Warranty Payable (Due 2020) 1,500 Long-Term Notes Payable (Due 2022) 41,000 FICA-OASDI Taxes Payable 1,160 Sales Tax Payable 770 Mortgage Payable (Due 2023) 8,000 Bonds Payable (Due 2024) 59,000 Current Portion of Long - Term Notes Payable 5,500 What is the total amount of long-term liabilities? A. $100,000 OB. $108,000 OC. $41,000 OD. $49,000...
Saved The following is the ending balances of accounts at December 31, 2018 for the Valley Pump Corporation. Account Title Debits 30,000 66,000 91,000 Credits Cash Accounts receivable Inventories Interest payable Marketable securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Copyright (net of amortization) Prepaid expenses (next 12 months) Accounts payable Deferred revenues (next 12 months) Notes payable Allowance for uncollectible accounts 15,000 54,000 130,000 325,e00 105,000 85,000 30,000 17,e00 37,000 70,000 25,000 275,000 5,000 25e,eee 60,000 Common stock Retained...
At December 31, 2018, Smole Corporation's adjusted trial balance shows the following balances: (Click the icon to view more information.) EEB (Click the icon to view the balances.) Requirement 1. Prepare the current liability section of Smole Corporation's balance sheet at December 31, 2018. (If applicable, combine the Notes Payable on one line of the statement.) Data Table Smole Corporation Balance Sheet (partial) December 31, 2018 Accrued Warranty Payable $65,000 Account Amount 7% Notes Payable, due April 30, 2019 165,000...
Most questions answered within 3 hours.
-
A person whose weight is 516 N is being pulled up vertically by
a rope from...
asked 5 minutes ago -
A long straight wire lies along the x axis carries a current of
15 amps in...
asked 1 minute ago -
Suppose you work hard building your business and end up earning
zero economic profit for the...
asked 4 minutes ago -
A sample survey at a supermarket showed that 204 of 300 shoppers
regularly use cents-off coupons....
asked 10 minutes ago -
What is the HDI (Hydrogen Deficiency Index) for acetic acid? How
many sets of non-equivalent protons...
asked 11 minutes ago -
Disease Prevention and Health Promotion-Topic
What are the roles of both the state and federal government...
asked 16 minutes ago -
determine the following probabilites
a. for n= 3 and (pie)π = 0.16, what is P(X=0)?
b....
asked 18 minutes ago -
Why do men earn more money than women in America?
asked 29 minutes ago -
Sales of tablet computers at Ted Glickman's electronics store
in Washington, D.C., over the past 10...
asked 39 minutes ago -
Short essay question:
First, discuss the anatomical differences between Paleocene
pro-primates and Eocene eu-primates and explain...
asked 38 minutes ago -
Suppose we have a binomial experiment in which success is
defined to be a particular quality...
asked 1 hour ago -
march the type of cellular control with the description: enzyme
induction and the enzyme repression. How...
asked 1 hour ago