Hensley, Inc. reports the following liabilities (in thousands) on its January 31, 2020, balance sheet and notes to the financial statements.​Accounts payable​$3,463.9​Accrued pension liability​1,215.2​Taxes payable​1,951.4​Bonds payable​1,961.2​Current portion of long-term debt​1,992.2​Notes payable—long-term​9,246.7​Operating leases​1,641.7​Mortgage payable​435.6​Salaries and wages payable​2,563.6​Unused operating line of credit​3,337.6​Warranty liability— current​1,617.3 Instructions Prepare the liabilities section of Hensley's balance sheet as at January 31, 2020.

Q: Entity A has the following liabilities as of December 31, 2021.  a. Trade accounts payable, net of…

A: Current Liabilities Current liabilities which is included in the liability section in the balance…

Q: balance sheet at December 31, 2025.

A: The balance sheet is a financial statement which shows the total assets, liabilities and capital of…

Q: Bear Inc. issues a $600 million, 6-year note on June 30, 2021 that is payable in annual installments…

A: Lets understand the basics.Liabilities are mainly divided into current and non current…

Q: On January 1, 2022, Paulding Company, a calendar-year company, issued $1,000,000 of notes payable,…

A: Current liabilities are the amounts due to be paid within one year. Long-term debts are the amounts…

Q: Prepare journal entries to record the following: (Round answers to the nearest whole dollar, e.g.…

A: WORKING NOTES 1.INTEREST ACCRUED ON DEC. 31 2021 FOR 3 MONTHS I.E. FROM OCT. 01 TO DEC. 31 2021=…

Q: Liabilities on the Balance Sheet For each of the following situations, indicate the amount shown…

A: Introduction:- Liabilities are classified into two types as follows under:-: Current liability…

Q: The adjusted trial balance for Waterway Industries at the end of the current year, 2021, contained…

A: Liabilities other than the current liabilities are called long-term liabilities.

Q: Bernard King Co.'s (BKC) balance sheet shows $7150 in long term debt at the end of 2020. BKC paid…

A: Long term debt=$7150Interest paid=$730Csh flow to creditors=$850

Q: Prepare the current liabilities section of the balance sheet.

A: The current liabilities are company's short term financial obligations that are due within one year.

Q: Refer to the following list of liability balances at December 31, 2019. Accounts Payable $20,000 850…

A: The current liabilities part of a balance statement indicates the debts owed by a corporation that…

Q: Presented here are long-term liability items for Sage Hill Inc. at December 31, 2025. Bonds payable…

A: The long term liabilities are the liabilities due for payment after one year. The bonds are treated…

Q: Presented here are long-term liability items for Splish Brothers Inc. at December 31, 2025. Bonds…

A: The Balance Sheet is a financial statement that includes assets, liabilities and stockholder's…

Q: trial balance for Wildhorse Corporation at July 31, 2021, the corporation's fiscal year en $ 104,500…

A: Noncurrent liabilities include debentures, long-term loans, bonds due, deferred tax obligations,…

Q: The total long-term liabilities reported on the balance sheet are     $3261000.   $3248000.…

A: Bonds payable are recorded under long-term liabilities on the balance sheet. It represents the…

Q: 1. Determine the rate used to discount the noninterest-bearing note. 2. Determine the explicit…

A: Notes receivable is a balance sheet item shown on the asset side. Notes receivable is a promissory…

Q: The following amortization and interest schedule reflects the issuance of 10-year bonds by Sheridan…

A: A bond is issued at par value (or face value), at a discount, or at a premium. The interest expense…

Q: The adjusted trial balance for Blossom Farm Corporation at the end of the current year contained the…

A: Preparation of long term liabilities section of balance sheet of Blossom firm corporation are as…

Q: Liabilities on the Balance Sheet For each of the following situations, indicate the amount shown…

A: Current Liabilities  are  the  obligations that is payable within one year. Long term liabilities…

Q: With the stated information provided by Clover Inc as at Dec 31, 2021, prepare long-term liabilities…

A:

Q: The adjusted trial balance for Bonita Industries at the end of the current year, 2021, contained the…

A: Liabilities can be defined as business obligations which needs to be fulfilled in the future time…

Q: b) The following section is taken from Nolana Sdn Bhd's statement of financial position at December…

A: Amount paid at the time of redemption = RM1,600,000 × RM104RM100= RM1,664,000

Q: The adjusted trial balance for Sunland Farm Corporation at the end of the current year contained the…

A: BALANCE SHEETFinancial statement that provides a snapshot of an organization's financial position at…

Q: What is the total amount of current liabilities?

A: Current Liabilities are those liabilities or obligations which are to be paid within next one year.

Q: On December 31, 2021, what total amount should be reported as current liabilities? a.) 1,066,000…

A: Calculation of Current Liabilities  Current liabilities = Accrued Liabilities expense + Unearned…

Q: Presented here are long-term liability items for Teal Mountain Inc. at December 31, 2022. Bonds…

A: Balance sheet is a financial statement that shows profitability, total revenue and total expenses…

Q: On January 1, 2020, Pharoah Company, a calendar-year company, issued $2160000 of notes payable, of…

A:

Q: Sunland Industries, Inc. reports the following liabilities (in thousands) on its January 31, 2025…

A: Balance sheet stands for the statement of information that shows the assets and liabilities of the…

Q: Bonds payable (due 2026) Notes payable (due 2024) Discount on bonds payable $720,000 78,000 28,000…

A: Lets understand the basics. Liabilities are classified in the current liabilities and non current…

Q: The following amortization schedule indicates the interest and principal to be repaid on an…

A: Note payable is a financial instrument which is used to make a certain amount of payment at the date…

Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.