FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Show the details in  Statement of financial position.

classified balance sheet. Total equity.... . $30,000 Employee federal income taxes payable $9,000 . 40,000 Federal unemployment taxes payable . 34,000 FICA-Medicare taxes payable..... 5,100 FICA-Social Security taxes payable . 50,000 Employee medical insurance payable . 4,000 State unemployment taxes payable . 10,000 Sales tax payable (due in 2 weeks). Equipment.. Salaries payable ... 200 725 Accounts receivable . . 3,100 Cash....... 2,000 Current portion of long-term debt . Notes payable (due in 6 years) ... 1,800 275 ...
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Transcribed Image Text:classified balance sheet. Total equity.... . $30,000 Employee federal income taxes payable $9,000 . 40,000 Federal unemployment taxes payable . 34,000 FICA-Medicare taxes payable..... 5,100 FICA-Social Security taxes payable . 50,000 Employee medical insurance payable . 4,000 State unemployment taxes payable . 10,000 Sales tax payable (due in 2 weeks). Equipment.. Salaries payable ... 200 725 Accounts receivable . . 3,100 Cash....... 2,000 Current portion of long-term debt . Notes payable (due in 6 years) ... 1,800 275 ...
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