Question
eBook Current Liabilities Section Yu Corp. had the following accounts and balances on December 31, 2017: Income Taxes Payable $53,250 Notes Payable, 10%, due June
eBook
Current Liabilities Section
Yu Corp. had the following accounts and balances on December 31, 2017:
Income Taxes Payable | $53,250 | Notes Payable, 10%, due June 2, 2018 | $ 1,000 | |
Allowance for Doubtful Accounts | 17,800 | Accounts Receivable | 67,500 | |
Accounts Payable | 21,400 | Discount on Notes Payable | 150 | |
Interest Receivable | 5,000 | Current Maturities of Long-Term Debt | 6,900 | |
Unearned Revenue | 4,320 | Interest Payable | 3,010 | |
Wages Payable | 6,000 |
Required:
Prepare the Current Liabilities section of Yu Corp.'s balance sheet as of December 31, 2017.
Current liabilities: | ||
Accounts payableAccounts receivableAllowance for doubtful accountsCashInterest expenseAccounts payable | $Accounts payable | |
Accounts receivableAllowance for doubtful accountsCashInterest receivableNotes payable, 10%, due June 2, 2018Notes payable, 10%, due June 2, 2018 | $Notes payable, 10%, due June 2, 2018 | |
Accounts payableAccounts receivableAllowance for doubtful accountsDiscount on notes payableInterest receivableDiscount on notes payable | Discount on notes payable | Discount on notes payable |
Accounts receivableAllowance for doubtful accountsCashCurrent maturities of long-term debtIncome taxes payableCurrent maturities of long-term debt | Current maturities of long-term debt | |
Other accrued liabilities: | ||
Accounts receivableAllowance for doubtful accountsCashInterest expenseInterest payableInterest payable | $Interest payable | |
Accounts receivableAllowance for doubtful accountsCashWages expenseWages payableWages payable | Wages payable | |
Accounts receivableAllowance for doubtful accountsCashInterest revenueUnearned revenueUnearned revenue | Unearned revenue | Unearned revenue |
Accounts receivableDiscount on notes payableIncome taxes payableInterest receivableNotes payable, 10%, due June 2, 2018Income taxes payable | Income taxes payable | |
Total current liabilities | $fill in the blank 19 |
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