y Kieso, Intermediate Accounting, 16e INTERMEDIATE ACCOUNTING (ACCT 309/310/311)
ID: 2557262 • Letter: Y
Question
y Kieso, Intermediate Accounting, 16e INTERMEDIATE ACCOUNTING (ACCT 309/310/311) ad, Study & Practioe Gradebook ORION Downloadable eTextbook > Open Assignment CALCULATOR MESSAGE MY ?NSTRUCTOR HILSCREEN pRINItRVERSION NEXT? Brief Exercise 5-7 (due in 90 days) $26,010, Salaries and Wages Payable $4,360, and Income Taxes Payable $7,780. Prepare the current liabilities section of the balance sheet. balance contained the following liability accounts at December 31, 2017: Bonds Payable (due in 3 yeers) $102,930, Accounts Payable $74,600, Notes Payable SHERIDAN CORPORATIONN Balance Sheet (Partial) xe 5-12 biective Click if you would like to Show Work for this question: Qpen Show Work SHOW 11ST OF ACCOUNTS Sons x All Rights Reserved. A Division of ?? 15 PMExplanation / Answer
Requirement 1(Brief exercise-5-7) Sheridon Corporation Balance sheet (Partial) at December 31, 2017 Current Liabilities Accounts Payable 74600 Notes payable 26010 Salaries & Wages payable 4360 Income Taxes Payable 7780 Total Current Liabilities 112750 Note : Bonds Payable which is due in 3 years will not appear in current liabilities section as current liabilities generally include items which are due in next one year Requirement 2(Brief exercise 5-9) Skysong Company Balance sheet (Partial) at December 31, 2017 Long term liabilities Bonds Payable 409200 Less : Discount on Bonds Payable 29400 379800 Pension Liability 376400 Total Long Term Liabilities 756200 Requirement 3(Breif exercise 5-10) Nash Corporation Balance sheet (Partial) at December 31, 2017 Stockholder's Equity Common stock at par 764000 Non-Controlling Interest 39000 803000 Paid in capital in excess of par common stock 200700 Retained Earnings 127100 1130800 Accumulated other comprehensive Loss -157700 Total Stockholder's Equity 973100
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