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Presented here are liability items for Larkspur, Inc. at December 31, 2017. Accounts payable $259,050 FICA taxes payable $12,870 Notes payable (due May 1, 2018)
Presented here are liability items for Larkspur, Inc. at December 31, 2017. Accounts payable $259,050 FICA taxes payable $12,870 Notes payable (due May 1, 2018) 33,000 Interest payable 66,000 Bonds payable (due 2021) 1,485,000 Notes payable (due 2019) 132,000 Unearned rent revenue 396,000 Income taxes payable 5,775 Discount on bonds payable 67,650 Sales taxes payable 2,805 Prepare the liabilities section of Larkspur's balance sheet.
Brief Exercise 10-13 Presented here are liability items for Larkspur, Inc. at December 31, 2017. $12,870 66,00) 132,000 5,775 2,805 259,050 FICA taxes payable 33,000 Interest payable Accounts payable Notes payable (due May 1, 2018) Bonds payable (due 2021) Unearned rent revenue Discount on bonds payable 1,485,000 Notes payable (due 2019) 6,000 Income taxes payable 67,650 Sales taxes payable Prepare the liabilities section of Larkspur's balance sheet. LARKSPUR, INC. Balance Sheet (Partial)Step by Step Solution
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