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Nostrana [21]
3 years ago
8

On December 31, 2020, Wildhorse Company had $1,211,000 of short-term debt in the form of notes payable due February 2, 2021. On

January 21, 2021, the company issued 23,700 shares of its common stock for $46 per share, receiving $1,090,200 proceeds after brokerage fees and other costs of issuance. On February 2, 2021, the proceeds from the stock sale, supplemented by an additional $120,800 cash, are used to liquidate the $1,211,000 debt. The December 31, 2020, balance sheet is issued on February 23, 2021. Show how the $1,211,000 of short-term debt should be presented on the December 31, 2020, balance sheet.
Business
1 answer:
podryga [215]3 years ago
7 0

Answer and Explanation:

The presentation is as follows;

<u>Particulars            Amount ($) </u>

Current Liabilities  

Notes payable      $120,800

Long term debt  

Notes payable refinanced in February 2021 $1,090,200

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Explanation:

Data provided in the question

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3 years ago
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Recognizing a conflicting employee is not a complex task: they are those who constantly express their dissatisfaction with the company or their position, do not finish their work on time, spread malicious rumors, present excuses to justify any failure or mistake and generate a negative work climate It affects the company.

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