The adjusted trial balance for Cullumber Corporation at July 31, 2021, the corporation's fiscal year end, contained the follow Accounts payable $ 107,500 Note payable $157,000 Accounts receivable 125.500 Lease liability 73.000 Bonds payable, due 2025 229,500 Note receivable, due December 2021 39,000 Interest payable 5.500 Unearned revenue 11.000 Of the lease liability amount, $18,250 is due within the next year. Total payments on the note payable in the fiscal year 2022 v $30.500: S8.000 is for interest and $22.500 for principal repayments. (a) Prepare the non-current liabilities section of the balance sheet as at July 31, 2021. (Enter account name only and do not provide descriptive information.)

The adjusted trial balance for Cullumber Corporation at July 31, 2021, the corporation's fiscal year end, contained the follow Accounts payable $ 107,500 Note payable $157,000 Accounts receivable 125.500 Lease liability 73.000 Bonds payable, due 2025 229,500 Note receivable, due December 2021 39,000 Interest payable 5.500 Unearned revenue 11.000 Of the lease liability amount, $18,250 is due within the next year. Total payments on the note payable in the fiscal year 2022 v $30.500: S8.000 is for interest and $22.500 for principal repayments. (a) Prepare the non-current liabilities section of the balance sheet as at July 31, 2021. (Enter account name only and do not provide descriptive information.)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable

Section: Chapter Questions

Problem 28E: On January 1, 2019, Northfield Corporation becomes delinquent on a 100,000, 14% note to First...

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