Unformatted text preview: equal installments of $60,000 first payment is due April 30, 2010 the second payment is due April 30, 2011. Plus interest on the unpaid balance. Interest on both loans have been accrued and is included in accrued liabilities on the balance sheet. The current liabilities Portion is $80,000. The long term Liabilities is $120,000 Notes payable make up for $200,000 of the Selling and Administrative balance $385,000. And $20,000 of Accrued Liabilities is Interest from both Notes Payable. 5. Rise Corporation had a $90,000 charge due from the company restricting some of its operations. The amount was charged to Materials, however, was added to Selling and Administrative Expense. $90,000 of Selling and Administrative balance represents Materials....
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This note was uploaded on 02/11/2009 for the course ACC 22334 taught by Professor Clark during the Spring '09 term at VCCS.
- Spring '09