Accounts

E13-1 (Balance Sheet Classification of Various Liabilities) How would each of the following items be reported on the balance sheet? (a) Accrued vacation pay. Compensated absences below legitimate liabilities (b) Estimated taxes collectable. period liabilities (c) Service warranties on appliance sales. loss contingencies (d) Bank overdraft. accounts collectable downstairs up-to-the-minute liabilities (e) Personal injury claim pending. compensated absence nether underway indebtedness (f) Un stipendiary bonus to officers.-salaries and wages collectible under veritable liability (g) Deposit received from node to guarantee deed of a contract.-customer advances and deposits under current liabilities (h) gross revenue taxes payable. current liabilities (i) invest certificates sold to customers but not further redeemed. unearned tax income under current liabilities (j) Premium offers outstanding. unearned revenue under current liabilities (k) Discount on notes p ayable. -deducted from notes payable under current liabilities (l) Employee payroll deductions unremitted. current liability (m) veritable maturities of long-term debts to be paid from current assets. current liability (n) Cash dividends declared but unpaid. dividends payable under current liability (o) Dividends in arrears on preferred stock.

to be break in a note or parenthetically in the capital stock section (p) Loans from officers.-accounts payable under current liability E13-2 (Accounts and Notes Payable) The following are selected 2012 transactions of Darby Corporation. Sept. 1Purchased inventory from hunting pale Company on account for ! $50,000. Darby records purchases gross and uses a vacillate inventory system. Oct. 1Issued a $50,000, 12-month, 8% note to hunting watch in payment of account. Oct. 1Borrowed $75,000 from the Shore Bank by subscribe a 12-month, zero-interest-bearing $81,000 note. Instructions (a) entrap journal entries for the selected transactions above. (b) score adjusting entries at December 31. (c)...If you want to get a wide-cut of the mark essay, order it on our website: BestEssayCheap.com

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