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The adjusted trial balance for Ivanhoe Ltd. at October 31, 2021, contained the following: Accounts payable $57,510 Income tax payable $6,345 Accounts receivable 97,740
The adjusted trial balance for Ivanhoe Ltd. at October 31, 2021, contained the following: Accounts payable $57,510 Income tax payable $6,345 Accounts receivable 97,740 Notes payable 214,611 Allowance for doubtful accounts 5,317 Interest expense 54,116 Bonds payable, due 2024 484,500 Lease liability 42,435 Interest payable 15.960 Income tax expense 12,545 Note receivable, due December 2022 Unearned revenue 38,180 9,080 Of the lease liability amount, $27,009 is due within the next year. Total payments on the note payable in the next 12 months will be $22,511, of which $10.617 is for interest. Ivanhoe reported profit for the year ended October 31, 2021, of $35.230. Total assets are $1,986,414.
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