The adjusted trial balance for Kingbird, Inc at the end of the current year contained the following accounts Interest Payable $9,000 Bonds Payable, due 2024 176,000 Premium on Bonds Payable 33,440 Prepare the long term liabilities section of the balance sheet (Enter account name only and do not provide descriptive information )

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 24, 2024

The adjusted trial balance for Kingbird, Inc. at the end of the current year contained the following accounts. Interest Payable $9,000 Bonds Payable, due 2024

The adjusted trial balance for Kingbird, Inc. at the end of the current year contained the following accounts.

Interest Payable		$9,000
Bonds Payable, due 2024		176,000
Premium on Bonds Payable		33,440

Prepare the long-term liabilities section of the balance sheet. (Enter account name only and do not provide descriptive information.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Cost Accounting For Health Care Organizations

Authors: Steven A. Finkler

1st Edition

0834205289, 978-0834205284

More Books

Students also viewed these Accounting questions

Question

★★★★★

Describe the experience you had in providing feedback on your designated discussants performance. To what extent did you feel comfortable in that role?

Answered: 1 week ago

Question

★★★★★

2. President Trump is the most famous climate change denier who has refused to sign up to the Paris Agreement. What impact, if any, does this have on the movement to reduce carbon emissions? An Ipsos...

Answered: 1 week ago

Question

★★★★★

Determine the overall sample size required so that a 95% lower bound confidence interval for the difference of two proportions will have a margin of error of ???????? = 0.035 when (a) ???? ???? =...

Answered: 1 week ago

Question

★★★★★

Hanover leased a portion of his farm to Brown and Black, doing business as the Colorite Hatchery. Brown went upon the premises to remove certain chicken sheds that he and Black had placed there for...

Answered: 1 week ago

Question

★★★★★

Microsoft Corporation's June 30, 2012 10-K Annual Report.I need assistance with this; After reading the Treacy and Sims article, follow these four steps to analyze the revenues of a company from...

Answered: 1 week ago

Question

★★★★★

The estimated annual cash flows for a proposed municipal government project are costs of $830,000 per year, benefits of $910,000 per year, and disbenefits of $280,000 per year. Calculate the...

Answered: 1 week ago

Question

★★★★★

accounting 2 unit 6 quiz Ames Corporation's net accounts receivable were $750,000 on December 31, 20X1, and $1,250,000 on December 31, 20X2. Net cash sales for 20X2 were $3,300,000. The accounts...

Answered: 1 week ago

Question

★★★★★

Patients are given a 10-point Likert scale form to fill out after meeting with their doctor. Ayanda has calculated a 92% confidence interval to estimate the true mean satisfaction rating from...

Answered: 1 week ago

Question

★★★★★

Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year: Cost of clay used in production $...

Answered: 1 week ago

Question

★★★★★

Jennifer Prescott, age 47, has developed chest pain and difficulty breathing Jennifer has had several episodes of coughing up thick blood-tinged sputum A diagnostic bronchoscopy is performed and a...

Answered: 1 week ago

Question

★★★★★

Which option best describes traits of adaptive/agile development approaches? A) Iterative and incremental development approaches, constant feedback loops, changes are expected B) Planning,...

Answered: 1 week ago

Question

★★★★★

3.63 Consider two groups of students: B1, students who received high scores on tests, and B2, students who received low scores on tests. In group B1, 20% study more than 25 hours per week, and in...

Answered: 1 week ago

Question

★★★★★

3.62 Consider two groups of students: B1, students who received high scores on tests, and B2, students who received low scores on tests. In group B1, 40% study more than 25 hours per week, and in...

Answered: 1 week ago

Question

★★★★★

3.61 Consider two groups of students: B1, students who received high scores on tests, and B2, students who received low scores on tests. In group B1, 80% study more than 25 hours per week, and in...

Answered: 1 week ago

Previous Question Next Question