December 10 final tax assessment received was $2,000 and was paid on February 1 of the...

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December 10 final tax assessment received was $2,000 and was paid on February 1 of the following year. 7. In December a $16,000 cash dividends was declared (not yet paid or issued). 8. For the month of December, sales revenue (excluding sales taxes collected) was $320,000. Sales tax is 5%, applicable to 98% of the sales. No unpaid sales tax carried over from November. 9. On December 31, interest has accrued on outstanding notes. Part A Journal Entries Part B - Financial Statement Presentation b. List each current liability (account title and the amount) that should be reported on the December 31 balance sheet of the company (this is issued March 1 of the following year). Liabilities Note payable, 12% Balance sheet, December 31 Note payable, noninterest-bearing, 12% Note payable, truck noninterest-bearing, 12% Estimated warranty liability Property tax payable Dividends payable $ 20,000 0 % 0 % 0 % 0 % 16,000 December 10 final tax assessment received was $2,000 and was paid on February 1 of the following year. 7. In December a $16,000 cash dividends was declared (not yet paid or issued). 8. For the month of December, sales revenue (excluding sales taxes collected) was $320,000. Sales tax is 5%, applicable to 98% of the sales. No unpaid sales tax carried over from November. 9. On December 31, interest has accrued on outstanding notes. Part A Journal Entries Part B - Financial Statement Presentation b. List each current liability (account title and the amount) that should be reported on the December 31 balance sheet of the company (this is issued March 1 of the following year). Liabilities Note payable, 12% Balance sheet, December 31 Note payable, noninterest-bearing, 12% Note payable, truck noninterest-bearing, 12% Estimated warranty liability Property tax payable Dividends payable $ 20,000 0 % 0 % 0 % 0 % 16,000