fridley manufacturing s accounting records reveal the following 258749

Fridley Manufacturing’s accounting records reveal the following account balances after adjusting entries are made on December 31, 2012:

Accounts payable ……………………………………………………….$ 62,500

Bonds payable (9.4%, due in 2019) ……………………………………. 800,000

Capital lease liability* ………………………………………………….. 41,500

Bonds payable (8.7%, due in 2015) ……………………………………. 50,000

Deferred tax liability* ………………………………………………….. 133,400

Discount on bonds payable (9.4%, due in 2019) ………………………. 12,600

Income taxes payable …………………………………………………… 26,900

Interest payable ………………………………………………………… 38,700

Installment note payable (8% equal installments due

2013 to 2016) …………………………………………………………… 120,000

Notes payable (7.8%, due in 2017) ……………………………………… 400,000

Premium on notes payable (7.8%, due in 2017) ………………………… 6,100

Zero coupon note payable, $50,000 face amount, due in 2018 ………… 31,900

* Long-term liability

Required:

Prepare the current liabilities and long-term debt portions of Fridley’s balance sheet at December 31, 2012. Provide a separate line item for each issue (i.e., do not combine separate bonds or notes payable), but some items may need to be split into more than one item.

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