The adjusted trial balance for gilligan corporation

Assignment Help Accounting Basics
Reference no: EM131130369

The adjusted trial balance for Gilligan Corporation at the end of the current year contained the following accounts.

Bond Interest Payable $ 9,000
Lease Liability 89,500
Bonds Payable, due 2015 180,000
Premium on Bonds Payable 32,000

Instructions

Prepare the long-term liabilities section of the balance sheet. 

Reference no: EM131130369

Questions Cloud

The audiofile company produces boomboxes : The Audiofile Company produces boomboxes. However, management has decided to subcontract out the production of the speakers needed for the boomboxes. Three vendors are available to supply the speakers. Their price for each shipment of 1,000 speak..
Prepare the cash budget for the month ending : Daniel Merrill is the manager of an airport gift shop, Merrill News and Gifts. From the following data, Mr. Merrill wants a cash budget showing expected cash receipts and disbursements for the month of April, and the cash balance expected as of Ap..
What is meant by the leontief paradox : What are some possible explanations of the paradox? How can human capital contribute to the explanation of the paradox?
Individuals and to assess what gives them that stature : Discussion: Analyzing leadership (Focused Debate) It is not enough to be able to recognize leaders; rather, the key is to be able to size up such individuals and to assess what gives them that stature.
The adjusted trial balance for gilligan corporation : The adjusted trial balance for Gilligan Corporation at the end of the current year contained the following accounts.
Write an essay about an special animal : Write an essay about an special animal that I saw in a zoo - I have to conclude my essay about how I think about the special animal or whatever.
What does the factor-price equalization theorem postulate : What is its relationship to the international mobility of factors of production?
Teow boon ling is the general manager of cargo community : Teow Boon Ling is the general manager of Cargo Community Network (CCN), a market leader in the logistics industry, that believes that a company's biggest asset is its workforce. In 2005, he initiated the Workplace Health Promotion (WHP) Program fo..
Describe the criteria by which we can assess ratio results : By what means can we determine whether a ratio result is good, bad, or indifferent ? In essence, list and briefly describe the criteria by which we can assess ratio results.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which of the not a cause of profit variance changes in

which of the not a cause of profit variance? changes in sales price changes in sales mix changes in sales volume all of

  Expected net cash flows

EXPECTED NET CASH FLOWS

  Identify benefit consumers and market at all times

Each group is to analyse how this type of pricing may affect consumers in the short-term and the long term - Discuss how and why you believe this would give additional utility to consumers and also bring more competition to the market.

  Explain the changes in balance sheet accounts

What client information is needed by auditors in creating lead schedules? Answer Interim statements prepared by the client for the company's 3rd quarter financial results.

  Business expenses basics

Roxanne is an aerobics (Jumping Jacks) instructor. She submitted a list of her business expenses to you. The list includes: DVD player $500; CD Music $500; Leotards and Tights $500; Towels $500; Mats $500. Which expenses would you allow?

  Conference for accounting information systems

I want you to write an essay to submit to a conference for Accounting Information Systems. This makes our business look good and we show that we are leaders in value creation. Our objective is to increase profits by either increasing revenues, dec..

  Maples sell in a year to break even

How many Japanese Maples must Mountain Maples sell in a year to break even? At this sales volume, how many Butterfly and Moonfire trees are sold?

  Henrys hoodies produces a variety of sweatshirts for

henrys hoodies produces a variety of sweatshirts for college students. henrys produces sweatshirts in batches and

  Short paper-designing a risk management policy

Design a brief risk management policy statement for a small child-care company. Remember to include the most important objectives. For the same child-care company, create a risk identification list and plot the risks on a risk map.

  Profit and loss

The accompanying is the Trading & Profit & Loss A/c of X Ltd.

  Health care organizations face

What are some of the accounting issues health care organizations face?

  Prepare the closing entries for ogilvy

The trial balance of Ogilvy's Boutique at December 31 shows Inventory $21,000, Sales Revenue $156,000, Sales Returns and Allowances $4,000.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd