Bramble Company, has these account balances at December 31, 2022. Notes payable ($60,000 due after 12/31/23) Unearned service revenue Other long-term debt ($92.000 due in 2023) Salaries and wages payable Accounts payable $100,500 72,500 239.000 32,500 63,000 In addition, Bramble is involved in a lawsuit. Legal counsel feels it is probable Bramble will pay damages of $25,000 in 2023.
Bramble Company, has these account balances at December 31, 2022. Notes payable ($60,000 due after 12/31/23) Unearned service revenue Other long-term debt ($92.000 due in 2023) Salaries and wages payable Accounts payable $100,500 72,500 239.000 32,500 63,000 In addition, Bramble is involved in a lawsuit. Legal counsel feels it is probable Bramble will pay damages of $25,000 in 2023.
Chapter18: Accounting Periods And Methods
Section: Chapter Questions
Problem 31CE
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![Bramble Company, has these account balances at December 31, 2022.
Notes payable ($60,000 due after 12/31/23)
Unearned service revenue
Other long-term debt ($92,000 due in 2023)
Salaries and wages payable
Accounts payable
$100,500
72,500
239,000
32,500
63,000
In addition, Bramble is involved in a lawsuit. Legal counsel feels it is probable Bramble will pay damages of $25,000 in 2023.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca2f1de9-4c84-4f26-8bb3-5ee4dd3a748a%2F9e5fd1ed-9c61-4cd5-ba61-bc728030672f%2F22j61xc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Bramble Company, has these account balances at December 31, 2022.
Notes payable ($60,000 due after 12/31/23)
Unearned service revenue
Other long-term debt ($92,000 due in 2023)
Salaries and wages payable
Accounts payable
$100,500
72,500
239,000
32,500
63,000
In addition, Bramble is involved in a lawsuit. Legal counsel feels it is probable Bramble will pay damages of $25,000 in 2023.
![(a)
Prepare the current liabilities section of Bramble's December 31, 2022, balance sheet.
BRAMBLE COMPANY
Balance Sheet (Partial)
$
S](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca2f1de9-4c84-4f26-8bb3-5ee4dd3a748a%2F9e5fd1ed-9c61-4cd5-ba61-bc728030672f%2Fy355tm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(a)
Prepare the current liabilities section of Bramble's December 31, 2022, balance sheet.
BRAMBLE COMPANY
Balance Sheet (Partial)
$
S
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