Question: Exercise 5-10 Your answer is partially correct. Try again. Norma Smith is the controller of Shamrock Corporation and sponsible e preparation of the year and
Exercise 5-10 Your answer is partially correct. Try again. Norma Smith is the controller of Shamrock Corporation and sponsible e preparation of the year and Financial statements For each of the following transactions that occurred during the year, indicate the dollar amount to be reported as a current liability as of December 31, 2020 (Enter for amounts i no current ability is to be reported. Do not leave any answer field blank.) Reported as (a) On December 20, 2020, a former employee filed action against Shamrock for $105,340 for wrongful dismissal Management believes the action to be frivolous and without ment. The hood of payment to the employee remote NOEM (6) Housto y employees based on net income for 2020 are estimated to be $157,400 157,400 (c) on December 1, 2020, the company borrowed $888.000 8% per year. Interest is paid quarterly 5867 Cument Lisbon (a) Accounts receivable at December 31, 2020, i 510,115,200. An aging analysis indicates that Shamrock's expense provision for doubtful account is estimated to be 3 of the receivables balance (e) On December 15, 2020, the company declared a $2.20 per share dividend on the 41.450 shares of common stock outstanding, to be paid on January 5, 2021 91190 I During the year, customer advance of 5118,100 were received: $59,800 of this amount was earned by December 31, 2020 128300 Click if you would like to show Work for this question On Show Work
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