Question:
The accounts of Taylor Electronics Company are listed along with their balances before closing for the month ended March 31, 2012.
Accounts payable $76,000 Salary payable $9,500
Mortgage note payable, long-term 80,000 Bonds payable, current installment 30,000
Interest payable 19,000 Premium on all bonds payable
Bonds payable, long-term 164,000 (all long-term) 11,000
Rory, capital 175,000 Unearned service revenue 3,000
Requirements:
1. Report these liabilities on the Route Maker Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities.