Presented here are liability items for Carter Inc. at December 31, 2017. Prepare the liabilities section of their balance sheet. Accounts payable $167,000 FICA taxes payable $ 7,800 Notes payable 20,000 Interest payable 40,000   (due May 1, 2018)   Notes payable (due 2019) 80,000 Bonds payable (due 2021) 900,000 Income taxes payable 4,500 Unearned rent revenue 240,000 Sales taxes payable 1,700 Discount on bonds payable 41,000

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.1DC: Reading 3M Companys Balance Sheet: Accounts Receivable The following current asset appears on the...
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2 Presented here are liability items for Carter Inc. at December 31, 2017. Prepare the liabilities section of their balance sheet.

Accounts payable

$167,000

FICA taxes payable

$ 7,800

Notes payable

20,000

Interest payable

40,000

  (due May 1, 2018)

 

Notes payable (due 2019)

80,000

Bonds payable (due 2021)

900,000

Income taxes payable

4,500

Unearned rent revenue

240,000

Sales taxes payable

1,700

Discount on bonds payable

41,000

   

 

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