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Unformatted text preview: EQUITY Current Liabilities: Accounts Payable 35,000 Salaries Payable 13,500 Interest Payable 18,000 Current Maturities of long-term debt 20,000 Total Current Liabilities: 86,500 Long-Term Liabilities: Note Payable 204,000 Bond Payable 360,000 Total Current Liabilities: 564,000 Shareholder's Equity: Common stock, no par value; 500,000 shares authorized; 250,000 shares issued and outstanding 250,000 Retained Earnings 700,000 Total Shareholder's Equity: 950,000 LIABILITIES AND SHAREHOLDER'S EQUITY 1,600,500...
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This note was uploaded on 10/25/2011 for the course ACG 3341 taught by Professor Jomosankara during the Spring '09 term at FAU.
- Spring '09