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Accounting records of path leader wireless

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Reference no: EM13836732

Problem 1: The accounting records of Path Leader Wireless include the following:

Accounts Payable

$71,000

Salary payable

$10,000

Mortgage note payable, long-term

80,000

Bonds payable, current installment

24,000

Interest Payable

15,000

Premium on all bonds payable

 

Bonds payable, long term

160,000

(all long-term)

12,000

Rhonda, Capital

175,000

Unearned service revenue

3,000

Requirement:

1. Report these liabilities on the Path Leader Wireless balance sheet, including headings and totals for current liabilities and long term liabilities.

Reference no: EM13836732

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