FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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10. Powell Corporation includes the following selected accounts in its general ledger at December 31, 2025:
View the selected accounts.
Prepare the liabilities section of Powell Corporation's balance sheet at December 31, 2025.
Plus:
Total Liabilities
Powell Corporation
Balance Sheet (Partial)
December 31, 2025
Selected Accounts
-
☑
Notes Payable (long-term)
55,000
Bonds Payable (long-term)
215,000
Interest Payable (due next year)
Sales Tax Payable
$
780
640
Accounts Payable
20,000
Premium on Bonds Payable
5,950
Salaries Payable
1,840
Estimated Warranty Payable
1,000
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Transcribed Image Text:10. Powell Corporation includes the following selected accounts in its general ledger at December 31, 2025: View the selected accounts. Prepare the liabilities section of Powell Corporation's balance sheet at December 31, 2025. Plus: Total Liabilities Powell Corporation Balance Sheet (Partial) December 31, 2025 Selected Accounts - ☑ Notes Payable (long-term) 55,000 Bonds Payable (long-term) 215,000 Interest Payable (due next year) Sales Tax Payable $ 780 640 Accounts Payable 20,000 Premium on Bonds Payable 5,950 Salaries Payable 1,840 Estimated Warranty Payable 1,000 Print Done
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