For each item, indicate the account and the related amount to be reported as a current liability on the Big Wave Marine balance sheet at December 31. Account Amount a. Account Amount b. Account Amount c. Account Amount d. Account Amount e. Choose from any list or enter any number in the input fields and then continue to the next question. More Info a. December revenue totaled $ 150 comma 000; and, in addition, Big Wave collected sales tax of 5%. The tax amount will be sent to the state of North Carolina early in January. b. On August 31, Big Wave signed a six-month, 4% note payable to purchase a boat costing $ 92 comma 000. The note requires payment of principal and interest at maturity. c. On August 31, Big Wave received cash of $ 5 comma 000 in advance for service revenue. This revenue will be earned evenly over six months. d. Revenues of $ 800 comma 000 were covered by Big Wave's service warranty. At January 1, accrued warranty payable was $ 11 comma 300. During the year, Big Wave recorded warranty expense of $ 32 comma 000 and paid warranty claims of $ 34 comma 300. e. Big Wave owes $ 75 comma 000 on a long-term note payable. At December 31, 9 % interest for the year plus $ 35 comma 000 of this principal are payable within one year.
PLACE YOUR ORDER TO GET STARTEDThe post For each? item, indicate the account and the related amount to be reported as a current liability on appeared first on Essay Gem.
Case study one page Case study one page Case study one page Case study one…
Business Calculus quiz that is 10 questions and has an hour time limit. Must be…
Write a 175- to 265-word response to the following: What constitutes “robust interoperability,†and what…
For this News Briefing Quest task , pick and analyze a U.S. political news article…
ACC 610 Milestone TwoGuidelines and Rubric This is the secondof three milestone assignments that will…
Please answer the questions in the attachment. I have sent you the required materials. Send…