Presented below are a number of balance sheet items for montoya, inc.,
P5-2 Presented below are a number of balance sheet items for Montoya, Inc., for the current year, 2014. Goodwill $125,000 Accumulated Depreciation – Equipment $292,000 Payroll Taxes Payable 177,591 Inventory 239,800 Bonds Payable 300,000 Rent Payable – Short-term 45,000 Discount on Bonds Payable 15,000 Income Tax Payable 98,362 Cash 360,000 Rental Expense Long-term 480,000 Land 480,000 Common Stock, $1 Par Value 200,000 Notes Receivable 445,700 Preferred […]