Académique Documents
Professionnel Documents
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Current uiabilities:
6 xamples include:
6 !ccounts payable
6 Wages payable
6 Warranty liabilities
6 Unearned revenue
6 Current portion of uong-
uong-erm debt
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uong--erm uiabilities:
uong
6 xamples include:
uong--erm Notes Payable
6 uong
6 Mortgage Payable
6 uease uiabilities
6 Bonds Payable
Current Portion of uong
uong--erm ëebt:
6 Portion uong-
uong-erm uiability due within
one year of the balance sheet date or
one operating cycle, whichever is
longer.
Current Portion of uong
uong--erm ëebt:
6 xamples include:
6!ccounts Payable
6Payroll
6Sales axes
6Unearned Revenue
6Notes Payable
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rade !ccounts Payable:
6 xamples include:
6I Payable
6mployee Income axes Payable
6Union ëues Payable
6Wages Payable
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Provincial Sales ax:
üuestions?
üS 13-
13-6:
Credit -S Payable $514.50
xercise 13-
13-3:
Part 2: ou are given a payment schedule, not a
balance sheet.
xercise 13-
13-6:
a) Use 1.5 months
xercise 13-
13-7:
c) PS Payable $19,260