ow I eBook Current Liabilities Section Jackie Company had the following accounts
ID: 2425702 • Letter: O
Question
ow I eBook Current Liabilities Section Jackie Company had the following accounts and balances on December 31, 2014 income Taxes Payable si,250 17,800 24,400 5,000 4.320 6,000 Notes Payable, 10%, due June 2, 2015 Accounts Receivable Discount on Notes Payable Current Maturities of Long-Term Debt Interest Payable $1,000 67.500 150 6,900 3,010 Allowance for Doubtful Accounts Unearned Revenue Wages Ayat Required: Hide Prepare the Current Liabilities section of Jackie Company's balance sheet as of December 31, 2014Explanation / Answer
JACKIE COMPANY
BALANCE SHEET
DECEMBER 31, 2014
LIABILITIES AMOUNT($)
CURRENT LIABILITIES:
accounts payable 24400
discount on notes payable 150
OTHER ACCRUED LIABILITIES:
income tax payable 61250
wages payable 6000
interest payable 3010
total current liabilities 94810.
* notes payable is treated as long term liability.
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