The following amounts are shown on the Plymouth Company s adjusted trial balance for the year 2003:
|
Accounts Payable |
$36,000 |
|
Property Taxes Payable. |
6,300 |
|
Short Term Notes Payable |
44,000 |
|
Mortgage Payable (due within 1 year) |
28,000 |
|
Mortgage Payable (due after 1 year |
300,000 |
|
Accrued Interest on Mortgage Payable |
3,000 |
|
Lease Liability (Current Portion) |
58,000 |
|
Lease Liability (Long Term) |
414,000 |
|
Rent Payable |
70,000 |
|
Income Taxes Payable |
50,000 |
|
Federal & State Unemployment Taxes Payable. |
16,000 |
Required
Prepare the liabilities section of Plymouth Company s balance sheet at December 31, 2003.