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Accounts Payable $72,000 Salaries Payable $8,000 Mortgages Payable (long-term) 76,000 Bonds Payable (current portion) 21,000 Interest Payable 23,000 Premium on Bonds Payable 9,000 Bonds Payable

Accounts Payable $72,000 Salaries Payable $8,000 Mortgages Payable (long-term) 76,000 Bonds Payable (current portion) 21,000 Interest Payable 23,000 Premium on Bonds Payable 9,000 Bonds Payable (long-term) 58,000 Unearned Revenue (short-term) 2,700 Total Stockholders' Equity 150,000

The accounting records of

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Wireless include the following as of December 31,

2016

(Click the icon to view the accounting records.)

Requirements

1.

Report these liabilities on the

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Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities.

2.

Compute

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Wireless's debt to equity ratio at December 31,

20162

Requirement 1. Report these liabilities on the

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Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities.

Route Maker Wireless

Balance Sheet (Partial)

December 31, 2016

Plus:

Total Liabilities

Requirement 2. Compute

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Wireless's debt to equity ratio at December 31,

2016

(Round the debt to equity ratio to two decimal places, X.XX.)

/

=

Debt to equity ratio

/

=

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