At december 31 mediassist precision instruments owes 59000, Ask an Expert

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At December? 31, MediAssist Precision Instruments owes $59,000 on Accounts? Payable, Salaries Payable of $16,000?, and Income Tax Payable of $7,000. MediAssist also has $300,000 of Bonds Payable that were issued at face value that require payment of a $50,000 installment next year and the remainder in later years. The bonds payable require an annual interest payment of $6,000?, and MediAssist still owes this interest for the current year. MediAssist?'s liabilities on its classified balance sheet

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91959425

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