Question: Brief Exercise 10-17 Your answer is partially correct. Try again. Presented here are liability items for Splish Brothers Inc. at December 31, 2020. Accounts payable




Brief Exercise 10-17 Your answer is partially correct. Try again. Presented here are liability items for Splish Brothers Inc. at December 31, 2020. Accounts payable Notes payable (due May 1, 2020) Bonds payable (due 2023) Unearned rent revenue Discount on bonds payable $306,150 39,000 1,755,000 468,000 79,950 FICA taxes payable Interest payable Notes payable (due 2021) Income taxes payable Sales taxes payable $15,210 78,000 156,000 6,825 3,315 SPLISH BROTHERS INC. Balance Sheet (Partial) December 31, 2019 Current Liabilities Accounts Payable 306,150 Notes Payable 39,000 Unearned rent revenue 468,000 FICA Taxes Payable 15,210 Income Tax Payable 6,825 Sales Taxes Payable 3,315 916,500 X 916,500 X x 156,000 x X X X 1,755,000 X X 1,831,050 2,747,550 Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity
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