i am booking transactions to a financial statement, and my teacher put this Addi

Question

i am booking transactions to a financial statement, and my teacher put this Additionally, when you book the income tax expense to the balance sheet be sure to be careful where you put it. There is more than one payables account in the balance sheet, look at all of them that are there. K Accounts Payable $203,000 $380,000 $583,000 L Accrued Expenses $(12,100) $20,000 $7,900 M Current Portion of Debt $200,000 $- $200,000 N Income Taxes Payable $- $380,739 $380,739 K+L+M+N = O CURRENT LIABILITIES $390,900 $780,739 $1,171,639 P Long-Term Debt $1,750,000 $(120,000) $1,630,000 Q Capital Stock $2,000,000 $- $2,000,000 R Retained Earnings $(33,153) $719,261 $686,108 Q+R = S Shareholder's Equity $1,966,847 $719,261 $2,686,108 O + P + S = T TOTAL LIABILITIES & EQUITY $4,107,747 $1,380,000 $5,487,747 so the tax amount is 380,739...and i see it booked obviously in income taxes payable. what other account could he be talking about? these are all totals.

Explanation / Answer

hey, can youplease upload the question in a better looking format, all the tables just gor messed up ,, do one thing, take a snapshot of what you have or use the snipping tool to generate a image of it and post it here

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