At December 31, 2018, Smole Corporation's adjusted trial balance shows the following balances: (Click the...
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At December 31, 2018, Smole Corporation's adjusted trial balance shows the following balances: (Click the icon to view more information.) EEB (Click the icon to view the balances.) Requirement 1. Prepare the current liability section of Smole Corporation's balance sheet at December 31, 2018. (If applicable, combine the Notes Payable on one line of the statement.) Data Table Smole Corporation Balance Sheet (partial) December 31, 2018 Accrued Warranty Payable $65,000 Account Amount 7% Notes Payable, due April 30, 2019 165,000 Unearned Service Revenue 56,000 Accounts Payable 230,000 Employee Income Tax Payable 24,000 281,000 Accounts Receivable Interest Payable 28,500 3% Bonds Payable, due December 31, 2023 Accumulated Depreciation 460,000 85.000 Treasury Stock Salaries Payable 170,000 90.000 195,000 15% Notes Payable, due December 31, 2019 Sales Tax Payable FICA Tax Payable 61,000 11,000 - X More Info Smole Corporation provides multi-year warranties with its products. Half of the Accrued Warranty Liability relates to warranty liabilities that will be paid in 2019, while the other half relates to warranty liabilities to be paid in 2020. The Unearned Service Revenue pertains to a service contract that will be performed during 2019. $102.000 of the 3% bonds payable due December 31, 2023, is due on December 31, 2019 Print Done hoose from any list or enter any number in the input fields and then
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