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At December 31, 2018, Barker Corporation's adjusted trial balance shows the following balances: (Click the icon to view the balances.) (Click the icon to
At December 31, 2018, Barker Corporation's adjusted trial balance shows the following balances: (Click the icon to view the balances.) (Click the icon to view more information.) Requirement 1. Prepare the current liability section of Barker Corporation's balance sheet at December 31, 2018. (If applicable, combine the Notes Payable on one line of the statement.) Account Barker Corporation Balance Sheet (partial) December 31, 2018 Data table Amount Accrued Warranty Payable $61,000 8% Notes Payable, due April 30, 2019 145,000 Uneamed Service Revenue 51,000 Accounts Payable 215,000 Employee Income Tax Payable 25,000 Accounts Receivable 285,000 Interest Payable 25,500 12% Bonds Payable, due December 31, 2023 460,000 Accumulated Depreciation 78,000 Treasury Stock 178,000 Salaries Payable 98,000 10% Notes Payable, due December 31, 2019 230,000 Sales Tax Payable 70,000 FICA Tax Payable 14,000 More info Print Done Barker 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. $112,000 of the 12% bonds payable due December 31, 2023, is due on December 31, 2019. Print Done
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