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Unformatted text preview: Cash 12,500,000 «- Correct! (g) Liability-refundable deposits 1,300 Cash 1,300 «- Correct! CAMDEN BIOTECHNOLOGY Partial Balance Sheet December 31, 2011 Current Liabilities: Accounts payable $252,000 Current portion of bank loan 2,000,000 Liability - refundable deposits 2,600 Sales taxes payable 246,000 Accrued interest payable 300,000 Total current liabilities $2,800,600 «- Correct! Long-Term Liabilities: Bank loan to be refinanced on a long-term basis $10,000,000 «- Correct! P13-02 Page 2...
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