E13-1B (Balance Sheet Classification of Various Liabilities) How would each of the following items be reported on the balance sheet? (a) Gift certificates sold to customers but not yet (i) Accrued vacation pay. redeemed. (j) Service warranties on applianc

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E13-1B (Balance Sheet Classification of Various Liabilities) How would each of the following items be reported on the balance sheet?

(a) Gift certificates sold to customers but not yet (i) Accrued vacation pay.

redeemed.                                                              (j) Service warranties on appliance sales.

(b) Discount on notes payable.                             (k) Employee payroll deductions unremitted.

(c) Current maturities of long-term debts to          (l) Deposit received from customer to

be paid from current assets. guarantee performance of a contract.

(d) Dividends in arrears on preferred stock.        (m) Sales taxes payable.

(e) Loans from officers.                                        (n) Unpaid bonus to officers.

(f) Cash dividends declared but unpaid.               (o) Bank overdraft.

(g) Personal injury claim pending.                          (p) Estimated taxes payable.

(h) Premium offers outstanding.

    • 10 years ago
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