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At December 31, 2018, Franklin Corporation's adjusted trial balance shows the following balances: (Click the icon to view the balances) (Click the icon to view

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At December 31, 2018, Franklin 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 Franklin Corporation's balance sheet at December 31, 2018. (if applicable, combine the Notes Payable on one line of the statement.) Franklin Corporation Balance Sheet (partial) December 31, 2018 Data Table Account Amount Accrued Warranty $65,000 Payable 15% Notes Payable, due 180,000 April 30, 2019 Uneamed Service 53,000 Revenue Accounts Payable 220,000 Employee Income Tax 22,000 Payable Accounts Receivable 288,000 Interest Payable 28,500 10% Bonds Payable, due 460,000 December 31, 2023 Accumulated 80,000 Depreciation Treasury Stock 180,000 Salaries Payable 94,000 6% Notes Payable, due 215,000 December 31, 2019 Sales Tax Payable 60,000 FICA Tax Payable 11,000 Print Done More Info Franklin 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. $116,000 of the 10% bonds payable due December 31, 2023, is due on December 31, 2019. Print Done

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