The accounting records of Route Maker Wireless include the following as of December 31, 2014: Requirements 1.
Question:
The accounting records of Route Maker Wireless include the following as of December 31, 2014:
Requirements
1. Report these liabilities on the Route Maker Wireless balance sheet, including headings and totals for current liabilities and long- term liabilities.
2. Compute Route Maker Wireless’s debt to equity ratio at December 31,2014.
Transcribed Image Text:
Accounts Payable Mortgages Payable dong-term) Interest Payable Bonds Payable (long-term) Total Stockholders' Equity 76,000 Salaries Payable 80,000 Bonds Payable (current portion) 30,000 19,000 Premium on Bonds Payable 64,000 Unearned Revenue 175,000 $9,500 11000
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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