Question

Hi, please help with this question! Only answer questions in the case that you can make sure you would answer them all! Please strictly follow the structure as being listed below in the chart, and choose the option from the listed one for each column. Thank you!

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

	Sl No.	Account						Amount
	a.	Sales tax payable				(403000*4%)		16120
	b.	Interest payable				(150000*6%)		9000
		Current portion of long-term note payable						30000
	c.	Interest payable		(From August 31 to Dec 31-4 months)
						(90000*5%*4/12)		1500
		Note payable, short-term						90000
	d.	Estimated warranty payable					(Note:1)	8700
	e.	Unearned rent revenue				4290*(4/6)		2860
		(For Nov and Dec expired-Rest 4 month is unearned)
	Note:1
	Estimated warranty payable:
					$
	Beginning balance				11600
	Add: Warranty expenses				27500
					39100
	Less: claims paid				30400
	Ending balance				8700