Prepare liabilities sections of a classified balance sheet

Reference no: EM132092192

Question: Reporting Liabilities in a Classified Balance Sheet Prepare the liabilities sections of a classified balance sheet for Electronic Games Inc. using the following balances reported at March 31, 2009: Unearned Revenue of $23,000; Accrued Salaries and Employee benefits of $35,670; Accounts Payable of $180,330; Short-Term Notes Payable of $50,000; Long-Term Debt of $100,000 (including current portion of long-term debt equal to $20,000); and Sales Taxes and Other Current Liabilities of $1,000.

Reference no: EM132092192

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