-Mortgage Payable is listed on the Balance Sheet as both a current and long-term liability for a company.Please explain why the Mortgage Payable would appear in both classifications. (1-3 sentences).

-XYZ Floral Company has a delivery truck that is being sold after 5 years of use.The current book value of the delivery truck is $5,000.If XYZ Floral Company sells the delivery truck for $7,000, what is the impact of this transaction?

-Calculate the Receivables Turnover given the following balances:

Credit Sales = $125K

Allowance for Uncollectible Accts = $15K

Accounts Receivable, Beg. Balance = $40K

Accounts Receivable, End Balance = $60K

*Please round your answer to 1 decimal place.

-ABC Company is preparing their monthly bank reconciliation.A $500 Note Receivable was collected by their bank and also included interest of $25.Please list all the Account Titles and dollar amounts included for the journal entry on this reconciling item.

-Based on the following information, what is the total # units and $ value for Cost of Goods Available for Sale?

Beg. Inventory1,000 units @ $5/unit = $5K

Purchase400 units @ $5/unit = $2K

Purchase200 units @ $5.50 = $1,100

Purchase150 units @ $6 =$900