The following is list of accounts each represented by letter(s).   A Accounts Payable   U Loss from discontinued operations B Accounts Receivable   V Losses due to fire E Accumulated Depreciation-Equip   W Merchandise Inventory F Bonds Payable   X Notes Payable G Cash   Y Premium on Bonds Payable H Cost of Goods Sold   Z Rent Expense I Capital Lease Payable   AA Rent Revenue J Discount on Bonds Payable   BB Retained Earnings K Equipment   EE Salaries and Wages Payable L Federal Income Tax Withheld Payable   FF Sales Returns M Federal Unemployment Taxes Payable   GG Sales Revenues N FICA Taxes Payable   HH Sales Taxes Payable O Income Summary   II Shipping Expense P Income Taxes Payable   JJ State Income Tax Withheld Payable Q Interest Expense   KK State Unemployment Taxes Payable R Interest Payable   LL Supplies S Land   MM Tax Expense T Land Improvement   NN Unearned Rent Revenue Example of Answer:  G4000D,B2000D,GG5000C,HH1000C Where G denotes Cash account, 4000 is the amount, D stands for debit, B denotes Accounts Receivable  account, 2000 is the amount, D stands for debit, GG denotes Service Revenues, 5000 is the amount, and C stands for credit, HH denotes Sales Taxes Payable, 1000 is the amount, C stands for Credit.  The letters are in capital. Comma is used to separate the changes in each account.  Don’t use dollar sign, decimal point, or space in any place.  If in an entry requires more than one debit or credit accounts, first enter debit accounts (in order of dollar amount – large amount to small amount), then the credit accounts (in order of dollar amount – large amount to small amount).    Holly Company issued $2,000,000, 6%, 10-year, bonds.  Interest to be paid semiannually.  The market rate on bonds issue date was 5%. Provide journal entry for the 1st interest payment by the bond.

The following is list of accounts each represented by letter(s).  A Accounts Payable   U Loss from discontinued operations B Accounts Receivable   V Losses due to fire E Accumulated Depreciation-Equip   W Merchandise Inventory F Bonds Payable   X Notes Payable G Cash   Y Premium on Bonds Payable H Cost of Goods Sold   Z Rent Expense I Capital Lease Payable   AA Rent Revenue J Discount on Bonds Payable   BB Retained Earnings K Equipment   EE Salaries and Wages Payable L Federal Income Tax Withheld Payable   FF Sales Returns M Federal Unemployment Taxes Payable   GG Sales Revenues N FICA Taxes Payable   HH Sales Taxes Payable O Income Summary   II Shipping Expense P Income Taxes Payable   JJ State Income Tax Withheld Payable Q Interest Expense   KK State Unemployment Taxes Payable R Interest Payable   LL Supplies S Land   MM Tax Expense T Land Improvement   NN Unearned Rent Revenue Example of Answer:  G4000D,B2000D,GG5000C,HH1000CWhere G denotes…

Problem 7-4 (Bad Debt Reporting) From inception of operations to 31 December 2019, Fortner Corporation provided for uncollectible accounts receivable under the allowance method. The provisions were recorded based on analysis of customers with different risk characteristics. Bad debts written off were charged to the allowance account; recoveries of bad debts previously written off were credited to the allowance account; and no year-end adjustments to the allowance account were made. Fortner's usual credit terms are net 30 days. The balance in Allowance for Doubtful Accounts was $130,000 at 1 January 2019. During 2019, credit sales totalled $9,000,000, the provision for doubtful accounts was determined to be $180,000, $90,000 of bad debts were written off, and recoveries of accounts previously written off amounted to $15,000. Fortner installed a computer system in November 2019, and an aging of accounts receivable was prepared for the first time as of 31 December 2019. A summary of the…

What is the total liabilities, please break down.