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The accounting records of Compass Point Wireless include the following as of December 31, 2024: (Click the icon to view the accounting records.) Requirements 1.
The accounting records of Compass Point Wireless include the following as of December 31, 2024: (Click the icon to view the accounting records.) Requirements 1. Report these liabilities on the Compass Point Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities. 2. Compute Compass Point Wireless's debt to equity ratio at December 31, 2024. Requirement 1. Report these liabilities on the Co Data table Compass P Balance Sh Accounts Payable $ 74,000 Salaries Payable S 7,500 Decembe Mortgages Payable (long-term) Interest Payable 72,000 16,000 Bonds Payable (current portion) 30,000 Premium on Bonds Payable 9,000 Bonds Payable (long-term) 60,000 Unearned Revenue (short-term) 3,500 Total Stockholders' Equity 180,000 Plus: Print Done The accounting records of Compass Point Wireless include the following as of December 31, 2024: (Click the icon to view the accounting records.) Requirements 1. Report these liabilities on the Compass Point Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities. Compute Compass Point Wireless's debt to equity ratio at December 31, 2021. 2. Plus: Total Liabilities Balance Sheet (Partial) December 31, 2024 The accounting records of Compass Point Wireless include the following as of December 31, 2024: (Click the icon to view the accounting records.) Requirements 1. Report these liabilities on the Compass Point Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities. 2. Compute Compass Point Wireless's debt to equity ratio at December 31, 2024. Plus: Total Liabilities Requirement 2. Compute Compass Point Wireless's debt to equity ratio at December 31, 2024. (Round the debt to equity ratio to two decimal places, X.XX.) = Debt to equity ratio =
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