the following amounts are shown on plymouth company s adjusted t 260272

The following amounts are shown on Plymouth Company’s adjusted trial balance for the year 2012:

Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 36,000

Property Taxes Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,300

Short-Term Notes Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44,000

Mortgage Payable (due within 1 year) . . . . . . . . . . . . . . . . . . . . . . . 28,000

Mortgage Payable (due after 1 year). . . . . . . . . . . . . . . . . . . . . . . . . 300,000

Accrued Interest on Mortgage Payable . . . . . . . . . . . . . . . . . . . . . . . 3,000

Lease Liability (current portion). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58,000

Lease Liability (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 414,000

Rent Payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,000

Income Taxes Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,000

Federal and State Unemployment Taxes Payable . . . . . . . . . . . . . . . . 16,000

Required:

Prepare the liabilities section of Plymouth Company’s balance sheet at December 31, 2012.

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