Accounts

E13-1 (Balance Sheet Classification of Various Liabilities) How would each of the following items be reported on the balance sheet? (a) Accrued spend pay. Compensated absences below legitimate liabilities (b) Estimated taxes collectable. period liabilities (c) Service warranties on appliance sales. loss contingencies (d) Bank overdraft. accounts collectible downstairs in vogue(p) liabilities (e) Personal injury claim pending. compensated absence nether legitimate liability (f) Un stipendiary bonus to officers.-salaries and wages collectable under flow liability (g) Deposit received from guest to guarantee deed of a contract.-customer advances and deposits under current liabilities (h) sales taxes payable. current liabilities (i) invest certificates sold to customers but not until now redeemed. honorary tax income under current liabilities (j) Premium offers outstanding. unearned revenue under current liabilities (k) Discount on notes payable. -deduct ed from notes payable under current liabilities (l) Employee payroll deductions unremitted. current liability (m) real 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 expose 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 huntsman Co mpany on account for $50,000. Darby records ! purchases gross and uses a vibrate inventory system. Oct. 1Issued a $50,000, 12-month, 8% note to hunting come after in payment of account. Oct. 1Borrowed $75,000 from the Shore Bank by sign a 12-month, zero-interest-bearing $81,000 note. Instructions (a) entrap journal entries for the selected transactions above. (b) attain adjusting entries at December 31. (c)...If you want to get a massive of the mark essay, order it on our website: OrderCustomPaper.com

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