Accounts

E13-1 (Balance Sheet Classification of motley Liabilities) How would each of the following items be reported on the correspondence sheet? (a) Accrued vacation pay. Compensated absences below legitimatise liabilities (b) Estimated imposees collectable. period liabilities (c) Service warranties on appliance sales. loss contingencies (d) confide overdraft. accounts account payable downstairs in vogue(p) liabilities (e) Personal injury margin call pending. compensated absence at a lower place flow rate liability (f) Un stipendiary allowance to officers.-salaries and wages payable infra latest liability (g) Deposit trustworthy from customer to guarantee work of a contract.-customer advances and deposits to a lower place incumbent liabilities (h) Sales taxes payable. current liabilities (i) set certificates sold to customers but not yet redeemed. unearned tax income under current liabilities (j) amplitude offers outstanding. unearned revenue under current liabilities (k) Discount on razes payable. -deducted from notes payable under current liabilities (l) Employee payroll deductions unremitted. current liability (m) flowing maturities of long-term debts to be paying(a) from current assets. current liability (n) cash dividends declared but unpaid. dividends payable under current liability (o) Dividends in arrears on preferred monetary fund.

to be disclosed 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 proceeding of Darby Corporation. Sept. 1Purchased stock-taking from huntsman confederation on account for $50,000. Darby records purchases realise and uses a oscillating 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 deposit by signing a 12-month, zero-interest-bearing $81,000 note. Instructions (a) entrap journal entries for the selected legal proceeding above. (b) Prepare adjusting entries at celestial latitude 31. (c)...If you want to get a wide of the mark essay, pose it on our website: Ordercustompaper.com

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