Question
On April 1, 2021, the Electronic Superstore borrows $21 million of which $5 million is due in 2022. Show how the company would report the
On April 1, 2021, the Electronic Superstore borrows $21 million of which $5 million is due in 2022. Show how the company would report the $21 million debt on its December 31, 2021 balance sheet. (Enter your answers in dollars not in millions. For example, $7,000,000 rather than $7 million.)
Electronic Superstore Partial Balance sheet December 31,20121
Current liabilities?
Long Term Liabilities?
Total Liabilities?
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Internal Auditing An Integrated Approach
Authors: Richard E. Cascarino
2nd Edition
0702172693, 978-0702172694
