Question

Presented here are liability items for Marin Inc. at December 31, 2022. $141,300 $7,020 Accounts payable FICA taxes payable Notes payable (due May 1, 2023) 18,000 Interest payable 36,000 Bonds payable (due 2026) Notes payable (due 2024) 810,000 72,000 Unearned rent revenue 216,000 Income taxes payable 3,150 Discount on bonds payable 1,530 36,900 Sales taxes payable Prepare the liabilities section of Marin's balance sheet. MARIN INC. Balance sheet (Partial) December 31, 2022

Answer 1

Balance Sheet (Partial)
December 31, 2022
Current Liabilities:
Accounts payable	141300
Notes payable	18000
Unearned rent revenue	216000
FICA taxes payable	7020
Interest payable	36000
Income taxes payable	3150
Sales taxes payable	1530
Total Current Liabilities		423000
Long-term Liabilities(Non-Current):
Bonds payable	810000
Less: Discount on bonds payable	36900	773100
Notes payable		72000
Total Long-term Liabilities(Non-Current)		845100
Total Liabilities		1268100