What is the total amount of current liabilities? Refer to the following fat of liability balances of December 31, 2017.Accounts payable$22,000Employee health insurance payable$650Employee income tax payable$800Estimated warranty payable$1,500Long-term notes payable (Due 2021)$42,000FICA-OASDI taxes payable$1,160Sales tax payable$570Mortgage payable (Due 2022)$12,000Bonds payable (Due 2023)$63,000Current portion of long-term notes payable $12,500What is the total amount of current liabilities?A. $24,380B. $39,180C. $25,880D. $26,680

Step 1: Define Current LiabilityCurrent liability can be defined as the amount which our company is…

Answered: Refer to the following fat of liability…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 2EA: Consider the following accounts and determine if the account is a current liability, a noncurrent...

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Refer to the following list of liability balances t December 31, 2024. $23,000 Accounts Payable Employee Health Insurance Payable Employee Income Tax Payable Estimated Warranty Payable (Due 2025) Long - Term Notes Payable (Due 2028) FICA-OASDI Taxes Payable Sales Tax Payable 450 1,100 1,000 38.000 660 870 Mortgage Payable (Due 2029) Bonds Payable (Due 2030) Current Portion of Long - Term Notes Payable 8,000 53,000 11,500 What is the total amount of current liabilities? O A. $27,080 O B. $38,580 OC. $25,980 OD. $24,980
Refer to the following list of liability balances at December 31, 2019. Accounts Payable Employee Health Insurance Payable Employee Income Tax Payable Estimated Warranty Payable (Due 2020) Long-Term Notes Payable (Due 2022) FICA OASDI Taxes Payable Sales Tax Payable Mortgage Payable (Due 2023) Bonds Payable (Due 2024) OA. $40,000 B. $105,000 C. $49,000 te to O D. $96,000 $20,000 850 1,100 1,300 40,000 1,260 570 9,000 56,000
K Refer to the following list of liability balances at December 31, 2024. Accounts Payable $17,000 450 Employee Health Insurance Payable Employee Income Tax Payable 900 Estimated Warranty Payable (Due 2025) Long-Term Notes Payable (Due 2028) FICA OASDI Taxes Payable Sales Tax Payable Mortgage Payable (Due 2029) Bonds Payable (Due 2030) Current Portion of Long-Term Notes Payable What is the total amount of current liabilities? © A. $20,580 B. $32,980 OC. $19,480 OD. $21,480 1,100 34,000 1,160 870 11,000 58,000 11,500
Presented here are liability items for Marin Inc. at December 31, 2017. Accounts payable $180,550 FICA taxes payable $8,970 Notes payable (due May 1, 2018) 23,000 Interest payable 46,000 Bonds payable (due 2021) 1,035,000 Notes payable (due 2019) 92,000 Unearned rent revenue 276,000 Income taxes payable 47,150 Sales taxes payable 4,025 Discount on bonds payable 1,955 Prepare the liabilities section of Marin's balance sheet. MARIN INC. Balance Sheet (Partial) December 31, 2017 Current Liabilities Accounts Payable Notes Payable Unearned Rent Revenue FICA Taxes Payable Interest Payable Income Taxes Payable Sales Taxes Payable Total Current Liabilities Long-term Liabilities Bonds Payable Less Discount on Bonds Payable Notes Payable Total Long-term Liabilities Total Liabilities
acc
Current Attempt in Progress Presented here are liability items for O'Brian Inc. at December 31, 2022. Accounts payable Notes payable (due May 1, 2023) Bonds payable (due 2026) Unearned rent revenue Discount on bonds payable $157,000 20,000 900,000 240,000 41,000 FICA taxes payable Interest payable Notes payable (due 2024) Income taxes payable Sales taxes payable Prepare the liabilities section of O'Brian's balance sheet. $7,800 40,000 80,000 3,500 1,700 O'BRIAN INC. Balance Sheet (Partial) GA
Ajam Inc. shows the following selected adjusted account balances at March 31, 2019: $ 58,000 102,000 Accounts Payable Wages Payable Accumulated Depreciation – Machinery Income Taxes Payable Note Payable, due May 15, 2021 Note Payable, due November 30, 2019 Mortgage Payable 69,000 92,000 108,000 64,000 320,000 71,000 Accounts Receivable Note: $240,000 of the mortgage payable balance is due one year beyond the balance sheet date; the remainder will be paid within the next 12 months. Required: Prepare the liability section of Ajam's March 31, 2019 balance sheet.
Presented here are liability items for kingbird inc.at December 31,2022 accounts payable 251200 notes payable (due may 1 2023) 3200 bonds payable (due 2026) 1440000 unearned rent revenue 384000 discount on bonds payable 65600 fica 12480 interest payable 64000 notes payable (due 2024) 128000 income taxes payable 5600 sales taxes payable 2720 prepare the liabilities section of kingbird's balance sheet
Godo At May 31, 2019, FOR Deliveries reported the following amounts (in millions) in its financial statements:20192018Total Assets$ 70,000$ 68,000Total Liabilities46,20042,160Interest Expense736750Income Tax Expense155260Net Income7806,275 Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018. 2-a. In 2019, were creditors providing a greater (or lesser) proportion of financing for FOR’s assets? 2-b. In 2019, was FOR more (or less) successful at covering its interest costs, as compared to 2018?
1) Remaining VAT accounts of our company as of the end of January 2021 are as follows. 191 Deductible VAT = 10.000 TL Debt Remaining 391 Calculated VAT = 8.000 TL Credit Remainder Record the journal (daily book) regarding VAT offset.
BTS Corp. collected P24,700 in interest during 2021. BTS showed P3,700 in interest receivable on its December 31, 2021 statement of financial position and P10,600 on December 31, 2020. How much is the Interest Revenue reported on BTS Company’s statement of comprehensive income for 2021?
Presented here are long-term liability itema for Marin Inc. at December 31, 2017. Bonds payable (due 2021) $870,000 Notes payable (due 2019) 79,000 Discount on bonds payable 30,000 Prepare the long term labikties section of the balance sheet for Marin inc. MARIN INC. Ralance Sheet (Parta)

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