Balance Short-term investments $182,000 Long-term investments $35,000 Accounts R
ID: 2344592 • Letter: B
Question
BalanceShort-term investments $182,000
Long-term investments $35,000
Accounts Receivable $123,000
Unearned revenue $60,000
Notes payable $300,000
Notes receivable $250,000
Side notes:
The note receivable is due in installments of $50,000, payable on each September 30. Interest is payable annually.
Short-term investments consist of marketable equity securities that the company plans to sell in 2012 and $50,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2012. Long-term investments consist of marketable equity securities that the company does not plan to sell in the next year.
Unearned revenue represents customer payments for extended service contracts. Eighty percent of these contracts expire in 2012, the remainder in 2013.
Notes payable consists of two notes, one for $100,000 due on January 15, 2013, and another for $200,000 due on June 30, 2014.
I'm trying to find the following:
Marketable securities
Note Receivable
Unearned revenue (current liability)
Unearned revenue (Long-term liability)
I have all other accounts for balance sheet expect these four.
Explanation / Answer
what am i supposed to find pls post the question again properly
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