Chapter 4
Current Liabilities
206
AP-22B (
7
)
Brisbane Company has the following selected items and balance on its trial balance at its
year-end on October 31, 2017.
Accounts Payable
$6,200
Accounts Receivable
8,700
Cash
9,200
Current Portion of Bank Loan
15,000
Estimated Warranty Liability
6,700
Inventory
32,400
Non-Current Portion of Bank Loan
80,000
Prepaid Insurance
2,600
Salaries Payable
5,400
Unearned Revenue
4,700
Required
a) Prepare the current liabilities portion of the balance sheet.
