Chapter 9, Problem 15DQ

To determine

Balance Sheet:

Balance sheet is an important financial statement which shows the true and fair financial position of the company. Balance sheet has two sides with headings of assets and liability. It is also useful to the investor of the company.

Accrued Expenses: Accrued expenses are those expenses which are recorded in the book of the company before the payment. Accrued expenses are current liabilities which are written in the balance sheet.

To identify: Accrued expense of G company on December 31, 2015.