MBA FP6014

BUSINESS MBA-FP6014 Assessment 4

Capella University:MBA-FP6014 Assessment Sanchez Corporation - Company records at the end of accounting period December 31, 2012: Problem 1. Account Dollar Amount Total Assets $ 600,000.00 Total Noncurrent assets $ 350,000.00 Liabilities Dollar Amount Notes Payable (8% due in 6 yrs) $ 40,000.00 Accounts payable $ 60,000.00 Income taxes currently payable $ 15,000.00 Liability for withholding taxes $ 4,000.00 Rent revenue collected in advance by up to 4 months $ 8,000.00 Bonds payable (...