Question
Bridgeport Company has the following selected accounts after posting adjusting entries: Accounts Payable $38,700 Notes Payable, 3-month 60,200 Accumulated DepreciationEquipment 12,040 FICA Taxes Payable 23,220
Bridgeport Company has the following selected accounts after posting adjusting entries:
Accounts Payable | $38,700 | ||
Notes Payable, 3-month | 60,200 | ||
Accumulated DepreciationEquipment | 12,040 | ||
FICA Taxes Payable | 23,220 | ||
Notes Payable, 5-year, 8% | 25,800 | ||
Warranty Liability | 24,940 | ||
Payroll Tax Expense | 5,160 | ||
Interest Payable | 2,580 | ||
Mortgage Payable | 172,000 | ||
Sales Taxes Payable | 13,760 |
A portion of the mortgage payable is due within the next year. (a) Prepare the current liability section of Bridgeport Company's balance sheet, assuming $21,500 of the mortgage is payable next year. (For Notes Payable enter the account name only and do not provide any additional descriptive information e.g. due 2017, 5 Months.)
BRIDGEPORT COMPANY | |||
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select an opening section name Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity | |||
enter a balance sheet item | $enter a dollar amount | ||
enter a balance sheet item | enter a dollar amount | ||
enter a balance sheet item | enter a dollar amount | ||
enter a balance sheet item | enter a dollar amount | ||
enter a balance sheet item | enter a dollar amount | ||
enter a balance sheet item | enter a dollar amount | ||
enter a balance sheet item | enter a dollar amount | ||
select a closing section name Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity | $enter a total amount for this section |
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