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1 Data Table - X Hobbit Corporation Balance Sheet (partial) December 31, 2018 Account Amount Accrued Warranty Payable 3% Notes Payable, due April 30, 2019
1 Data Table - X Hobbit Corporation Balance Sheet (partial) December 31, 2018 Account Amount Accrued Warranty Payable 3% Notes Payable, due April 30, 2019 Unearned Service Revenue Accounts Payable Employee Income Tax Payable Accounts Receivable Interest Payable 14% Bonds Payable, due December 31, 2023 Accumulated Depreciation Treasury Stock Salaries Payable 7% Notes Payable, due December 31, 2019 Sales Tax Payable FICA Tax Payable $84,000 130,000 52,000 210,000 29,000 282,000 25,500 480,000 85,000 170,000 98,000 220,000 63.000 10,000 Print Done More Info Hobbit Corporation provides multi-year warranties with its products. Half of the Accrued Warranty Liability relates to warranty liabilities that will be paid in 2019, while the other half relates to warranty liabilities to be paid in 2020. The Unearned Service Revenue pertains to a service contract that will be performed during 2019. $114,000 of the 14% bonds payable due December 31, 2023, is due on December 31, 2019. Print Done 1 Data Table - X Hobbit Corporation Balance Sheet (partial) December 31, 2018 Account Amount Accrued Warranty Payable 3% Notes Payable, due April 30, 2019 Unearned Service Revenue Accounts Payable Employee Income Tax Payable Accounts Receivable Interest Payable 14% Bonds Payable, due December 31, 2023 Accumulated Depreciation Treasury Stock Salaries Payable 7% Notes Payable, due December 31, 2019 Sales Tax Payable FICA Tax Payable $84,000 130,000 52,000 210,000 29,000 282,000 25,500 480,000 85,000 170,000 98,000 220,000 63.000 10,000 Print Done More Info Hobbit Corporation provides multi-year warranties with its products. Half of the Accrued Warranty Liability relates to warranty liabilities that will be paid in 2019, while the other half relates to warranty liabilities to be paid in 2020. The Unearned Service Revenue pertains to a service contract that will be performed during 2019. $114,000 of the 14% bonds payable due December 31, 2023, is due on December 31, 2019. Print Done
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