Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 10-15 Shamrock, Inc. reports the following liabilities (in thousands) on its January 31, 2017, balance sheet and notes to the financial statements. $7,006.0 2,135.0

image text in transcribedimage text in transcribedimage text in transcribed

Exercise 10-15 Shamrock, Inc. reports the following liabilities (in thousands) on its January 31, 2017, balance sheet and notes to the financial statements. $7,006.0 2,135.0 393.0 Accounts payable $4,701.0 Mortgage payable Accrued pension liability 1,492.0 Operating leases Unearned rent revenue 1,758.0 Notes payable (due in 2020) Bonds payable 2,754.0 Salaries and wages payable Current portion of mortgage payable 2,114.0 Notes payable (due in 2018) Income taxes payable 308.0 Unused operating line of credit Warranty liability-current 634.0 2,799.0 4,092.0 1,839.0 Prepare the liabilities section of Shamrock's balance sheet as at January 31, 2017 SHAMROCK, INC. Balance Sheet (Partial) January 31, 2017 (in thousands) Current Liabilities Notes Payable Accounts Payable X Mortgage Payable X Warranty Liability lidtdildi X Unearned Rent Revenue X Salaries and Wages Payable Income Taxes Payable Total Current Liabilities U Long-term Liabilities Total Current Liabilities Long-term Liabilities Mortgage Payable X Bonds Payable X Accrued Pension Liability Notes Payable Total Long-term Liabilities x Total Liabilities

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Auditing and Other Assurance Services

Authors: Ray Whittington, Kurt Pany

20th edition

77729145, 978-1259295430, 1259295435, 978-0077729141

More Books

Students also viewed these Accounting questions

Question

a sin(2x) x Let f(x)=2x+1 In(be)

Answered: 1 week ago

Question

=+What is the most challenging part of working in social media?

Answered: 1 week ago