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The adjusted trial balance for Sheridan Corporation at July 31, 2021, the corporation's fiscal year end, contained the following: Accounts payable $101,000 Note payable
The adjusted trial balance for Sheridan Corporation at July 31, 2021, the corporation's fiscal year end, contained the following: Accounts payable $101,000 Note payable $147,000 Accounts receivable 117,500 Lease liability 68,500 Bonds payable, due 2025 Interest payable 215,500 Note receivable, due December 2021 37,000 5,500 Unearned revenue 10,500 Of the lease liability amount, $17,000 is due within the next year. Total payments on the note payable in the fiscal year 2022 will be $28,500: $7,500 is for interest and $21,000 for principal repayments. (a) Prepare the non-current liabilities section of the balance sheet as at July 31, 2021. (Enter account name only and do not provide descriptive information.) SHERIDAN CORPORATION Balance Sheet (Partial) eTextbook and Media List of Accounts Save for Later $ Attempts: 0 of 2 used Submit Answer
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