Hannah Company had the following account totals as of December 31, 20X2. Hint: A
ID: 2498846 • Letter: H
Question
Hannah Company had the following account totals as of December 31, 20X2.
Hint: An item that appears in the income statement does NOT also appear in the balance sheet.
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$50,000
$75,000
$40,000
$60,000
$45,000
$50,000
$75,000
$40,000
$60,000
$45,000
Explanation / Answer
SOLUTION :
Current Liability
$
ACCOUNT PAYABLE
25000
UNEARNED RENT REVENUE
5000
BANK LOAN
15000
45000
Current Liability
$
ACCOUNT PAYABLE
25000
UNEARNED RENT REVENUE
5000
BANK LOAN
15000
45000
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