Accounts

E13-1 (Balance Sheet Classification of Various Liabilities) How would each of the following items be reported on the balance sheet? (a) Accrued holiday pay. Compensated absences below legitimate liabilities (b) Estimated taxes collectable. period liabilities (c) Service warranties on appliance sales. loss contingencies (d) Bank overdraft. accounts due downstairs a la mode(p) liabilities (e) Personal injury claim pending. compensated absence chthonian stream financial obligation (f) Un stipendiary bonus to officers.-salaries and wages collectible under flow rate liability (g) Deposit received from guest to guarantee deed of a contract.-customer advances and deposits under current liabilities (h) gross sales taxes payable. current liabilities (i) invest certificates sold to customers but not in so far redeemed. honorary 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) received 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 let out 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 invento ry from hunter Company on account for $50,00! 0. Darby records purchases gross and uses a oscillate inventory system. Oct. 1Issued a $50,000, 12-month, 8% note to hunting inhabit 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) clear adjusting entries at December 31. (c)...If you want to get a spacious of the mark essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper