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how to find the current portion of bank loan payable Office expense Income tax expense Depreciation expense Interest expense Common shares Retained earnings (January 1,

image text in transcribedhow to find the current portion of bank loan payable

image text in transcribed Office expense Income tax expense Depreciation expense Interest expense Common shares Retained earnings (January 1, 2018) Accumulated depreciation-building Accounts payable Income taxes payable Bank loan payable (due July 1, 2020) Accumulated depreciation-equipment Interest payable Sales 667 230 6,095 2,990 71,300 46,000 52,440 9,660 1,265 107,640 21,528 4,140 16,307 These items are taken from the financial statements of Flounder Corp. at December 31, 2018. Office expense Income tax expense Depreciation expense Interest expense Common shares Retained earnings (January 1, 2018) Accumulated depreciation-building Accounts payable Income taxes payable Bank loan payable (due July 1, 2020) Accumulated depreciation-equipment Interest payable Sales 667 230 6,095 2,990 71,300 46,000 52,440 9,660 1,265 107,640 21,528 4,140 16,307 These items are taken from the financial statements of Flounder Corp. at December 31, 2018

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