31
Mar
Mar
Hey guys, I can't figure this question out for the life of me, any help on understanding this would be appreciated,
Check out these screenshots:
http://img262.imageshack.us/img262/6323/…
http://img237.imageshack.us/img237/8750/…
Answer:
a) warranty payable 18500- addition to liabilities; warranty expense-deduction from net income
b) property tax payable 13000-addition to liabilities (15600/12×10 months from aug 2007 to june 2008); property tax expense deduction-from net income
c)interest payable 500-addition to liabilities( from 1500/3;june 1 to june 30); interest expense-deduction from net income
d)accounts payable-furniture 21000-addition to liabilites; no effect on net income
e)unearned income 22500-deduction from net income; no effect
on liabilities
trying to help..i'm not sure if these are all correct though.
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on Monday, March 31st, 2008 at 4:44 am and is filed under Other Finance.
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