The following is a partial adjusted trial balance for Frobisher Limited, as at December 31, 2020:...
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The following is a partial adjusted trial balance for Frobisher Limited, as at December 31, 2020: Debit Credit Income tax payable $4,600 Bonds payable, duue 2002 95,000 Noten payable, due 2025 51,000 Wages payable 3,200 Uneamed revenue 140,000 Interest payable 21.500 Accounts payabie 82,500 Bank loan payable, due 2023 21,000 The bank loan is repayable in annual instalments of $2,500 plus interest to be paid on December 31 each year. The 2020 payment was made as required. Prepare, in good form, the liabilities section of the statement of financial position for Frobisher Limited as at December 31, 2020. Frobisher Ltd. Statement of Financial Position (partial) Liabiities The following is a partial adjusted trial balance for Frobisher Limited, as at December 31, 2020: Debit Credit Income tax payable $4,600 Bonds payable, duue 2002 95,000 Noten payable, due 2025 51,000 Wages payable 3,200 Uneamed revenue 140,000 Interest payable 21.500 Accounts payabie 82,500 Bank loan payable, due 2023 21,000 The bank loan is repayable in annual instalments of $2,500 plus interest to be paid on December 31 each year. The 2020 payment was made as required. Prepare, in good form, the liabilities section of the statement of financial position for Frobisher Limited as at December 31, 2020. Frobisher Ltd. Statement of Financial Position (partial) Liabiities
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Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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