Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. jul 20 presented below are selected accounts for s

JUL 20 Presented below are selected accounts for San Marcos Corporation for December 31 of...

70.2K

Verified Solution

Question

Accounting

image
image
image
JUL 20 Presented below are selected accounts for San Marcos Corporation for December 31 of the current year. Credit Debit $730 1,030 Accounts Receivable-trade Building and Equipment Cash in Bank-operating Interest Receivable Installment Receivables Merchandise Inventory Land Notes Receivableong term Petty Cash Prepaid Expenses current O A. $980 O B. $910 OC. $1,100 OD. $1.005 Click to select your answer. Save for Later Prepaid Expenses-current Supplies Patent Accounts Payable-Trade Accumulated Depreciation Additional Paid - in Capital Allowance for Uncollectible Accounts Cash Dividends Payable Common Stock-$1 par value Income Tax Payable Notes Payable2 years Retained Earnings Unearned Revenues-2 vears O A. $980 OB. $910 O c. $1,100 OD. $1,005 Click to select your answer. Save for Later Allowance for Uncollectible Accounts Cash Dividends Payable Common Stock-$1 par value Income Tax Payable Notes Payable2 years Retained Earnings Unearned Revenues-2 years Cash Dividends Declared 250 Service Revenue 578 Operating Expenses 200 TOTALS $3,423 $3,423 What are long-term liabilities for San Marcos Corporation? O A. $980 O B. $910 O C. $1,100 OD. $1,005 Click to select your answer. Save for Later

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students