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can you please answer the following questions in order and make it simple on the Sea Breeze Marine balance sheet at December 31. i More
can you please answer the following questions in order and make it simple
on the Sea Breeze Marine balance sheet at December 31. i More Info - X a. December revenue totaled $160,000; and, in addition, Sea Breeze collected sales tax of 5%. The tax amount will be sent to the state of Delaware early in January b. On August 31, Sea Breeze signed a six-month, 9% note payable to purchase a boat costing $94,000. The note requires payment of principal and interest at maturity. On August 31, Sea Breeze received cash of $1,200 in advance for service revenue. This revenue will be earned evenly over six months. d. Revenues of $800,000 were covered by Sea Breeze's service warranty. At January 1, accrued warranty payable was $9,600. During the year, Sea Breeze recorded warranty expense of $32,000 and paid warranty claims of $34,800. Sea Breeze owes $75,000 on a long-term note payable. At December 31, 9% interest for the year plus $20,000 of this principal are payable within one year. c. e. Print Done Sea Breeze Marine experienced these events during the current year. (Click the icon to view the facts.) Requirement 1. For each item, indicate the account and the related amount to be reported as a current liability on the Sea Breeze Marine balance sheet at December 31, Account Amount Account Amount Account Amount Account Amount Account Amount Step by Step Solution
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