Question
Question 2 [20 points] Oppong Corporation showed the following selected account balances at March 31, 2014. Use this information to prepare the liabilities section
Question 2 [20 points] Oppong Corporation showed the following selected account balances at March 31, 2014. Use this information to prepare the liabilities section of the Oppong Corporation balance sheet. $13,000 of the note payable that matures in 2024 must be paid by March 31, 2015. $2,000 of the bonds payable are due by March 31, 2015. Bonds Payable Copyright Account Employee Income Taxes Payable Balance 98,500 (select one) Liabilities Section of Balance Sheet (select one) 184,500 43,500 Income Taxes Expense. 3,300 Income Taxes Payable. 3,300 Insurance Expense. 35,000 Interest Earned 37,000 Interest Expense 34,000 Notes Payable (due April 1, 2024)....... 64,000 PST Payable..... 16,000 Prepaid Insurance 91,000 Rent Earned 95,000 Salaries Expense 46,500 Salaries Payable.. 37,000
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