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The accounting records of Path LeaderPath Leader Wireless include the following as of December 31, 20182018: Requirements 1. Report these liabilities on the Path LeaderPath

The accounting records of

Path LeaderPath Leader

Wireless include the following as of December 31,

20182018:

Requirements

1.

Report these liabilities on the

Path LeaderPath Leader

Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities.

2.

Compute

Path LeaderPath Leader

Wireless's debt to equity ratio at December 31,

20182018.

image text in transcribedimage text in transcribed

Data Table $ $ 10,500 Accounts Payable Mortgages Payable (long-term) Interest Payable Bonds Payable (long-term) Total Stockholders' Equity 78,000 75,000 17,000 64,000 165,000 Salaries Payable Bonds Payable (current portion) Premium on Bonds Payable Unearned Revenue (short-term) 25,000 12,000 3,400 Print Done The accounting records of Path Leader Wireless include the following as of December 31, 2018: (Click the icon to view the accounting records.) Requirements 1. Report these liabilities on the Path Leader Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities. 2. Compute Path Leader Wireless's debt to equity ratio at December 31, 2018 Requirement 1. Report these liabilities on the Path Leader Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities. Path Leader Wireless Balance Sheet (Partial) December 31, 2018 Current Liabilities: Accounts Payable Interest Payable Salaries Payable Unearned Revenue Current Portion of Bonds Payable Total Current Liabilities Long-Term Liabilities: Mortgages Payable Bonds Payable Plus: Premium on Bonds Payable Total Long-Term Liabilities Total Liabilities Requirement 2. Compute Path Leader Wireless's debt to equity ratio at December 31, 2018. (Round the debt to equity ratio to two decimal places, X.XX.) Total liabilities Total stockholders' equity = Debt to equity ratio

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