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Requirement a current liability on the Golfshore Marine balance sheet at December 31. (Complete all input fields.) Account Amount as a current liability on the
Requirement a current liability on the Golfshore Marine balance sheet at December 31. (Complete all input fields.) Account Amount as a current liability on the Golfshore Marine balance sheet at December 31. (Complete all input fields.) Golfshore Marine balance sheet at December 31 . (Complete all input fields.) Account Amount [ $29,900. Indicate the account and the related amount to be reported as a current liability on the Golfshore Marine balance sheet at December 31 . (Complete all input fields.) current liability on the Golfshore Marine balance sheet at December 31 . (Complete all input fields.) a. December revenue totaled $150,000; and, in addition, Golfshore collected sales tax of 5%. The tax amount will be sent to the state of Connecticut early in January. b. On August 31, Golfshore signed a six-month, 9% note payable to purchase a boat costing $84,000. The note requires payment of principal and interest at maturity. c. On August 31, Golfshore received cash of $1,800 in advance for service revenue. This revenue will be earned evenly over six months. $29,900 e. Golfshore owes $70,000 on a long-term note payable. At December 31,6% interest for the year plus $35,000 of this principal are payable within one year
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