Zahn Inc. sold 16,500 annual magazine subscriptions for $50 during December 20Y4. These new subscribers...
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Accounting
Zahn Inc. sold 16,500 annual magazine subscriptions for $50 during December 20Y4. These new subscribers will receive monthly issues, beginning in January 20Y5. Zahn Inc. issued a $130,000, 180day, 5% note payable on December 1, 20Y4. On March 31, 20Y5, Zahn Inc. had accounts payable of $ 29,500 and accrued wages payable of $6,400.
Prepare the Current Liabilities section of the balance sheet for Zahn Inc. on March 31, 20Y5. Do not round intermediate calculations and round your final answers to the nearest dollar. (Assume 360 days in a year.)
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