Question

The accounting records of Router Wireless include the following as of December 31, 2016:
Accounts Payable ......... $ 69,000
Mortgages Payable (long-term) ..... 75,000
Interest Payable ......... 21,000
Bonds Payable (long-term) ...... 63,000
Total Stockholders' Equity ...... 160,000
Salaries Payable $......... 7,500
Bonds Payable (current portion) ... 25,000
Premium on Bonds Payable ...... 13,000
Unearned Revenue (short-term) ... 3,400
Requirements
1. Report these liabilities on the Router Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities.
2. Compute Router Wireless’s debt to equity ratio at December 31, 2016.


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  • CreatedJune 15, 2015
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