Report liabilities on the balance sheet
The accounting records of Route Maker Wireless include the following:
|
Accounts payable |
$ 76,000 |
Salary payable |
$ 9,500 |
|
Mortgage note payable, long term |
80,000 |
Bonds payable, current installment |
30,000 |
|
Interest payable |
19,000 |
Premium on all bonds payable |
|
|
Bonds payable, long term |
164,000 |
(all long term) |
11,000 |
|
Rory, capital |
175,000 |
Unearned service revenue |
3,000 |
Requirement
1. Report these liabilities on the Route Maker Wireless balance sheet, including headings and totals for current liabilities and long term liabilities.