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Homework answers / question archive / Current Attempt in Progress The following is a partial adjusted trial balance for Frobisher Limited, as at December 31, 2020: Debit Credit Income tax payable $4,100 Bonds payable, due 2032 $85,000 Notes payable, due 2025 $54,000 Wages payable $3,400 Unearned revenue $154,000 Interest payable $15,500 Accounts payable $84,900 Bank loan payable, due 2023 $31000 The bank loan is repayable in annual instalments of $2,100 plus interest to be paid on December 31 each year

Current Attempt in Progress The following is a partial adjusted trial balance for Frobisher Limited, as at December 31, 2020: Debit Credit Income tax payable $4,100 Bonds payable, due 2032 $85,000 Notes payable, due 2025 $54,000 Wages payable $3,400 Unearned revenue $154,000 Interest payable $15,500 Accounts payable $84,900 Bank loan payable, due 2023 $31000 The bank loan is repayable in annual instalments of $2,100 plus interest to be paid on December 31 each year

Accounting

Current Attempt in Progress

The following is a partial adjusted trial balance for Frobisher Limited, as at December 31, 2020:

Debit Credit

Income tax payable $4,100

Bonds payable, due 2032 $85,000

Notes payable, due 2025 $54,000

Wages payable $3,400

Unearned revenue $154,000

Interest payable $15,500

Accounts payable $84,900

Bank loan payable, due 2023 $31000

The bank loan is repayable in annual instalments of $2,100 plus interest to be paid on December 31 each year. The 2020 payment was made as required.

 

Prepare, in good form, the liabilities section of the statement of financial position for Frobisher Limited as at December 31, 2020.

 

Frobisher Ltd.

Statement of Financial Position (partial) (December 31,2020 OR for the month ended, December 31,2020 OR for the year ended, December 31,2020) I have to pick one of these to fill in.

 

I have to fill in a template

with liabilities with current asset OR current liabilities OR intangible asset, etc (I pick one of these up to fill in)

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