The following list of accounts is taken from the adjusted trial balance of Goforth Company. Accounts Payable
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The following list of accounts is taken from the adjusted trial balance of Goforth Company.
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Accounts Payable $45,000 Notes Payable (due in 6 months). 24,000 Income Taxes Payable. 18,000 Unearned Sales Revenue 27,500 Notes Payable (due in 2 years) 40,000 Prepaid Insurance 6,200 Accounts Receivable 53,000 Current Portion of Mortgage Payable. 12,300 Mortgage Payable (due beyond 1 year) 93,000 Retained Earnings 91,400 Property Taxes Payable.. 8,700 Salaries & Wages Payable 15,200 Sales Tax Payable 3,100 Prepare the liabilities section of the company's balance sheet.
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Related Book For
Financial Accounting
ISBN: 9780324066708
8th Edition
Authors: W. Steven Albrecht, James D. Stice, Earl Kay Stice, K. Fred Skousen, Albrecht S.E.
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