Question
Ivanhoe Sales Company has the following selected accounts after posting adjusting entries: Accounts Payable $73,000 Notes Payable, 3-month 61,000 Accumulated DepreciationEquipment 14,900 Notes Payable, 5-year,
Ivanhoe Sales Company has the following selected accounts after posting adjusting entries:
Accounts Payable | $73,000 | ||
Notes Payable, 3-month | 61,000 | ||
Accumulated DepreciationEquipment | 14,900 | ||
Notes Payable, 5-year, 6% | 83,000 | ||
Payroll Tax Expense | 4,800 | ||
Interest Payable | 3,700 | ||
Mortgage Payable | 120,000 | ||
Sales Taxes Payable | 44,900 |
Prepare the current liability section of Ivanhoe Sales Company's balance sheet, assuming $15,400 of the mortgage is payable next year. (For Notes Payable enter the account name only and do not provide any additional descriptive information.)
IVANHOE SALES 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 | ||
select a closing section name Current Assets Current Liabilities Expenses Intangible Assets Long-term Investments Long-term Liabilities Net Income / (Loss) Property, Plant and Equipment Revenues Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Expenses Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Revenues Total Stockholders' Equity | $enter a total amount for this section |
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