Presented here are liability items for Desmond Inc. at December 31, 2014.
Accounts payable $278,675 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â FICA taxes payable $ 13,845
Notes payable (due May 1, 2015) 35,500Â Â Â Â Â Interest payable 71,000
Bonds payable (due 2018) 1,597,500 Â Â Â Â Â Â Â Â Notes payable (due 2016) 142,000
Unearned rent revenue 426,000 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Income taxes payable 6,213
Discount on bonds payable 72,775 Â Â Â Â Â Â Â Â Â Â Â Â Sales taxes payable 3,018
Prepare the liabilities section of Desmond's balance sheet.
Answers
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Posted 17 Aug 2017 07:08 PM
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