The adjusted trial balance for Seff Corp. at the end of the current year, 2015, contained the following accounts.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unearned revenue

$12,000

 

 

 

 

 

 

 

Cash

17,000

 

 

 

 

 

 

 

Accounts payable

15,000

 

 

 

 

 

 

 

5-year Bonds Payable 8%

1,600,000

 

 

 

 

 

 

 

Interest Payable

50,000

 

 

 

 

 

 

 

Accounts receivable

37,000

 

 

 

 

 

 

 

Premium on Bonds Payable

150,000

 

 

 

 

 

 

 

Pre paid insurance

12,000

 

 

 

 

 

 

 

Notes Payable (due Mar 2016.)

40,000

 

 

 

 

 

 

 

Notes Payable (due 2018)

145,000

 

 

 

 

 

 

 

Mortgage Payable ($15,000 due in 2016)

300,000

 

 

 

 

 

 

 

Salaries and Wages Payable

18,000

 

 

 

 

 

 

 

Taxes Payable (due Mar of 2016)

25,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepare in good form the liabilities section of the balance sheet

 

 

 

 

 

 

 

 

The adjusted trial balance for Seff Corp. at the end of the current year, 2015, contained the following accounts.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unearned revenue

$12,000

 

 

 

 

 

 

 

Cash

17,000

 

 

 

 

 

 

 

Accounts payable

15,000

 

 

 

 

 

 

 

5-year Bonds Payable 8%

1,600,000

 

 

 

 

 

 

 

Interest Payable

50,000

 

 

 

 

 

 

 

Accounts receivable

37,000

 

 

 

 

 

 

 

Premium on Bonds Payable

150,000

 

 

 

 

 

 

 

Pre paid insurance

12,000

 

 

 

 

 

 

 

Notes Payable (due Mar 2016.)

40,000

 

 

 

 

 

 

 

Notes Payable (due 2018)

145,000

 

 

 

 

 

 

 

Mortgage Payable ($15,000 due in 2016)

300,000

 

 

 

 

 

 

 

Salaries and Wages Payable

18,000

 

 

 

 

 

 

 

Taxes Payable (due Mar of 2016)

25,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepare in good form the liabilities section of the balance sheet

 

 

 

 

 

 

 



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