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Liabilities on the Balance Sheet For each of the following situations, indicate the amount shown as a liability on the balance sheet of Javier,
Liabilities on the Balance Sheet For each of the following situations, indicate the amount shown as a liability on the balance sheet of Javier, Inc. at December 31: The situation doesn't require a liability to be recorded, leave the corresponding amount blank (zero Transactions Javier's general ledger shows a credit balance of $130,000 in Long-Term Notes Payable. Of this amount, a $30,000 installment becomes due on June 30 of the following year. What amount, if any, is shown as Javier estimates its unpaid income tax liability for the current year is $34,000; it plans to pay this amount in March of the following year On December 31, javier received a $30,000 invoice for merchandise shipped on December 28. The merchandise has not yet been received. The merchandise was shipped FOB shipping point During the year, Javier collected $10,500 of state sales tax. At year-end, it has not yet remitted $1,400 of these taxes to the state department of revenue On December 31, Javier's bank approved a $10,000, 90-day loan, Javier plans to sign the note and receive the money on January 2 of the following year. Liabilities on the Balance Sheet For each of the following situations, indicate the amount shown as a liability on the balance sheet of javier, Inc., at December 31: The situation doesn't require a liability to be recorded, leave the corresponding amount blank (zero). Transactions Amount balance of $130,000 in Long-Term Notes Payable. Of this amount, a $30,000 installment becomes due on June 30 of the following year. What amount, if any, is shown as a noncurrent liability? x liability for the current year is $34,000; it plans to pay this amount in March of the following year. 30,000 invoice for merchandise shipped on December 28. The merchandise has not yet been received. The merchandise was shipped FOB shipping point. 3 0 M 500 of state sales tax. At year-end, it has not yet remitted $1,400 of these taxes to the state department of revenue. ved a $10.000, 90-day loan. Javier plans to sign the note and receive the money on January 2 of the following year. xxxy
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