The accounting records of Placeless Wireless include the following as of December 31, 2024: Accounts...
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Accounting
The accounting records of Placeless Wireless include the following as of December 31, 2024: Accounts Payable $73,000 Salaries Payable $10,500 Mortgages Payable (long-term) 74,000 Bonds Payable (current portion) 24,000 Interest Payable 19,000 Premium on Bonds Payable 12,000 Bonds Payable (long-term) 62,000 Unearned Revenue (short-term) 3,200 Total Stockholders' Equity 145,000. Requirements 1. Report these liabilities on the Placeless Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities. 2. Compute Placeless Wireless's debt to equity ratio at December 31, 2024
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