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The accounting records of Router Wireless include the following as of December 31 2016 Accounts Payable $ 69000 Mortgages Payable

The accounting records of Router Wireless include the following as of December 31, 2016: Accounts Payable ……… $ 69,000 Mortgages Payable (long-term) ….. 75,000 Interest Payable ……… 21,000 Bonds Payable (long-term) …… 63,000 Total Stockholders’ Equity …… 160,000 Salaries Payable $……… 7,500 Bonds Payable (current portion) … 25,000 Premium on Bonds Payable …… 13,000 Unearned Revenue (short-term) … 3,400 Requirements 1. Report these liabilities on the Router Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities. 2. Compute Router Wireless’s debt to equity ratio at December 31, 2016. 

Mar 16 2020 View more View Less

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