Brief Exercise 10-13 CALCULATOR MESSAGE MY INSTRUCTOR FULL so Your answer is par

Question

Brief Exercise 10-13 CALCULATOR MESSAGE MY INSTRUCTOR FULL so Your answer is partially correct. Try again Presented here are liability items for Marin Inc. at December 31. 2017 Accounts payable Notes payable (due May 1, 2018) Bonds payable (due 2021) Unearned rent revenue Discount on bonds payable $266,900 34,000 FICA taxes payable Interest payable $13,260 68,000 136,000 5,950 2,890 1,530,000Notes payable (due 2019) 408,000 69.700 Income taxes payable Sales taxes payable Prepare the liabilities section of Marin's balance sheet. MARIN INC. Balance sheet (Partial) December Current Liabilitles 34000 Notes Payable 266900 408000 Accounts Payable Unearned Rent Revenue 8

Explanation / Answer

Marin inc

balance sheet (partial)

December 31,2017.

Current liabilities Notes payable 34000 Accounts payable 266900 Unearned rent revenue 408000 Interest payable 68,000 FICA taxes payable 13260 Income taxes payable 5950 Sales taxes payable 2890 Total current liabilities 799000 NON CURRENT LIABIILITIES Bonds payable 1530000 less: discount on bonds payable 69700 1460300 Notes payable 136000 TOTAL NON CURRENT LIABILITIES 1596300 Total liabilities 2395300

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