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Norma Smith is the controller of Sheridan Corporation and is responsible for the preparation of the year - end financial statements. The following transactions occurred

Norma Smith is the controller of Sheridan Corporation and is responsible for the preparation of the year-end financial statements. The following transactions occurred during the year.
For each of the following transactions, indicate the dollar amount to be reported as a current liability as of December 31,2025.
Reported as
(a) Bonuses to key employees based on net income for 2025 are estimated to be $187,200.
(b) On December 1,2025, the company borrowed $972,000 at 8% per year. Interest is paid quarterly.
(c) Accounts receivable at December 31,2025, is $10,373,500. An aging analysis indicates that Sheridan's expense provision for doubtful accounts is estimated to be 3% of the receivables balance.
(d) On December 15,2025, the company declared a $2 per share dividend on the 41,380 shares of common stock outstanding, to be paid on January 5,2026.
(e) During the year, customer advances of $200,300 were received; $59,900 of this amount was earned by December 31,2025.
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