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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.

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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.
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
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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