Question: please answer as soon as possible I thumbs up instantly thank you McDonalds has a long-term notes payable with a principal balance of $148,000,000 as

McDonalds has a long-term notes payable with a principal balance of $148,000,000 as of December 31, 2020. Of the total principal balance of the loan $14,000,000 is due and payable within the next twelve months during 2021. In McDonalds December 31, 2020 balance sheet the Current Portion Long-term Debt account should show what balance? Fill in the blank with your calculated number. DO NOT include commas. $ signs, period, decimal points, etc., just enter the raw number Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 On October 1st. Safe Touch Security Systems has a beginning balance of $0.00 in their deferred revenue account before they receive an advance of $12,000 from a client to provide security monitoring services to the client over the next 4 months. What is the new ending balance in Safe Touch Security's deferred revenue account on December 31st after the required adjusting entry is entered to recognize the amount of revenue earned? Fill in the blank with your calculated number. DO NOT include commas. $ signs, period, decimal points, etc. Just enter the raw number Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
