Horngren's Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText, Access Card Package
11th Edition
ISBN: 9780134078946
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 14, Problem S14.11SE
Preparing the liabilities section of the
Master Suites Hotels includes the following selected accounts in its general ledger at December 31, 2016:
| Notes Payable (long-term) Bonds | $ 250,000 | Accounts Payable | $ 41,000 |
| Bonds Payable (due 2022) | 450,000 | Discount on Bonds Payable | 13,500 |
| Interest Payable (due next year) | 1,700 | Salaries Payable | 3,100 |
| Estimated Warranty Payable | 1,500 | Sales Tax Payable | 700 |
Prepare the liabilities section of Master Suites’s balance sheet at December 31, 2016.
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Deluxe Suites Hotels includes the following selected accounts in its general ledger at December 31, 2024:
(Click the icon to view the accounts.)
Prepare the liabilities section of Deluxe Suites' balance sheet at December 31, 2024.
Less:
Total Liabilities
Deluxe Suites Hotels
Balance Sheet (Partial)
December 31, 2024
Data table
←
Note Payable (long-term)
Bonds Payable (due 2028)
Interest Payable (due next year)
Estimated Warranty Payable
$
150,000
250,000
1,200
2,000
Print
Accounts Payable
Discount on Bonds Payable
Salaries Payable
Sales Tax Payable
Done
$ 40,000
7,500
3,300
700
At December 31, 2017, Hyasaki Corporation has the following account balances:
Bonds payable, due January 1, 2026
$2,000,000
Discount on bonds payable
88,000
Interest payable
80,000
Show how the above accounts should be presented on the December 31, 2017, balance sheet, including the proper classifications.
Metlock, Inc. reports the following liabilities (in thousands) on its December 31, 2022, balance sheet and notes to the financial statements.
Accounts payable
$4,264.0
Mortgage payable
$6,747.0
Unearned rent revenue
1,059.0
Notes payable (due in 2025)
336.0
Bonds payable
1,954.0
Salaries and wages payable
859.0
Current portion of mortgage payable
1,993.0
Notes payable (due in 2023)
2,564.0
Income taxes payable
266.0
Warranty liability—current
1,418.0
Create a balance sheet for the liabilities section of the balance sheet.
Chapter 14 Solutions
Horngren's Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText, Access Card Package
Ch. 14 - Prob. 1QCCh. 14 - Daniels's bonds payable carry a stated interest...Ch. 14 - Prob. 3QCCh. 14 - Prob. 4QCCh. 14 - Prob. 5QCCh. 14 - Prob. 6QCCh. 14 - Prob. 7QCCh. 14 - Prob. 8QCCh. 14 - Prob. 9AQCCh. 14 - 10B Hicks Corporation issued S500.000 of 5%,...
Ch. 14 - Prob. 1RQCh. 14 - Prob. 2RQCh. 14 - Prob. 3RQCh. 14 - Prob. 4RQCh. 14 - Prob. 5RQCh. 14 - Prob. 6RQCh. 14 - Prob. 7RQCh. 14 - Prob. 8RQCh. 14 - Prob. 9RQCh. 14 - Prob. 10RQCh. 14 - Prob. 11RQCh. 14 - Prob. 12RQCh. 14 - 13. What type of account is Premium on Bonds...Ch. 14 - Prob. 14RQCh. 14 - Prob. 15RQCh. 14 - Prob. 16RQCh. 14 - What does the debt to equity ratio show, and how...Ch. 14 - Prob. 18ARQCh. 14 - Prob. 19ARQCh. 14 - Prob. 20ARQCh. 14 - Prob. 21BRQCh. 14 - Prob. S14.1SECh. 14 - Prob. S14.2SECh. 14 - Prob. S14.3SECh. 14 - Pricing bonds Bond prices depend on the market...Ch. 14 - Determining bond amounts Quick Drive-Ins borrowed...Ch. 14 - Journalizing bond transactions Piper Company...Ch. 14 - Journalizing bond transactions Ogden issued a...Ch. 14 - Journalizing bond transactions Watson Mutual...Ch. 14 - Journalizing bond transactions including...Ch. 14 - Retiring bonds payable before maturity On January...Ch. 14 - Preparing the liabilities section of the balance...Ch. 14 - Prob. S14.12SECh. 14 - Prob. S14A.13SECh. 14 - Determining the present value of bond at issuance...Ch. 14 - Using the effective-interest amortization method...Ch. 14 - Prob. S14B.16SECh. 14 - Accounting for long-term notes payable...Ch. 14 - Preparing an amortization schedule and recording...Ch. 14 - Analyzing alternative plans to raise money AF...Ch. 14 - Determining bond prices and interest expense Nooks...Ch. 14 - Journalizing bond issuance and interest payments...Ch. 14 - Journalizing bond issuance and interest payments...Ch. 14 - Prob. E14.23ECh. 14 - Journalizing bond issuance and interest payments...Ch. 14 - Retiring bonds payable before maturity Parkview...Ch. 14 - Prob. E14.26ECh. 14 - Prob. E14.27ECh. 14 - Prob. E14.28ECh. 14 - Prob. E14.29ECh. 14 - Prob. E14A.30ECh. 14 - A Journalizing liability transactions and...Ch. 14 - Analyzing, journalizing, and reporting bond...Ch. 14 - Analyzing and journalizing bond transactions On...Ch. 14 - Analyzing and journalizing bond transactions On...Ch. 14 - Prob. P14.35APGACh. 14 - Determining the present value of bonds payable and...Ch. 14 - Determining the present value of bands payable and...Ch. 14 - Journalizing liability transactions and reporting...Ch. 14 - Prob. P14.39BPGBCh. 14 - Prob. P14.40BPGBCh. 14 - Prob. P14.41BPGBCh. 14 - Prob. P14.42BPGBCh. 14 - Prob. P14.43BPGBCh. 14 - Prob. P14AB.44BPGBCh. 14 - Describing bonds and journalizing transactions for...Ch. 14 - Decision Case 14-1 The following questions are not...Ch. 14 - Ethical Issue 14-1 Raffle's Kids, a nonprofit...Ch. 14 - Prob. 14.1FCCh. 14 - Prob. 14.1FSC
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