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Requirement 1. Prepare the current liability section of LovellLovell Corporation's balance sheet at December 31 comma 2018December 31, 2018. (If applicable, combine the Notes Payable
Requirement 1. Prepare the current liability section of LovellLovell Corporation's balance sheet at December 31 comma 2018December 31, 2018. (If applicable, combine the Notes Payable on one line of the statement.) Lovell Corporation Balance Sheet (partial) December 31, 2018
Requirement 1. Prepare the current liability section of Lovell Corporation's balance sheet at December 31, 2018. (If applicable, combine the Notes Payable on one line of the statement.) X i - Data Table Lovell Corporation Balance Sheet (partial) December 31, 2018 Account Amount Accounts Payable Accounts Receivable Accrued Warranty Payable Accumulated Depreciation Bonds Payable (Current portion) Current liabilities: Employee Income Tax Payable FICA Tax Payable Interest Payable Notes Payable (Long-term) Notes Payable (Short-term) Salaries Payable Sales Tax Payable Total current liabilities Treasury Stock Unearned Service Revenue Accrued Warranty Payable 12% Notes Payable, due April 30, 2019 Unearned Service Revenue Accounts Payable Employee Income Tax Payable Accounts Receivable Interest Payable 4% Bonds Payable, due December 31, 2023 Accumulated Depreciation Treasury Stock Salaries Payable 15% Notes Payable, due December 31, 2019 Sales Tax Payable FICA Tax Payable $59,000 145,000 51,000 215,000 25.000 286,000 27,000 490,000 78,000 176,000 104,000 210,000 60,000 5,000 i More Info - X Lovell Corporation provides multi-year warranties with its products. Half of the Accrued Warranty Liability relates to warranty liabilities that will be paid in 2019, while the other half relates to warranty liabilities to be paid in 2020. The Unearned Service Revenue pertains to a service contract that will be performed during 2019, $104,000 of the 4% bonds payable due December 31, 2023, is due on December 31, 2019. Choose from any list or enter any number in the input fields anStep by Step Solution
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