Partial list of account balances

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Reference no: EM13259673

The following is a partial list of account balances for Coen, Inc. as of December 31, 2010

Accounts Payable $5,000

Accounts Receivable 6,000

Bonds payable (100% due in 10years) 40,000

Mortgage Payable (10% due within 1year) 10,000

Notes Payable (due in six months) 2,000

Salaries Payable 800

Sales Revenue 49,000

Income Taxes Payable 8,000

Unearned Revenue 800

Required:

Prepare the liability section of Coen Inc.'s classified balance sheet for December 31, 2010.

Reference no: EM13259673

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