Question

Santana, Inc. reports the following liabilities (in thousands) on its January 31, 2014, balance sheet and notes to the financial statements.Accounts payable $4,263.9 Mortgage payable $6,746.7Accrued pension liability 1,115.2 Operating leases 1,641.7Unearned rent revenue 1,058.1 Notes payable (due in 2017) 335.6Bonds payable 1,961.2 Salaries and wages payable 858.1Current portion of mortgage payable 1,992.2 Notes payable (due in 2015) 2,563.6Income taxes payable 265.2 Unused operating line of credit 3,337.6Warranty liability—current 1,417.3Prepare the liabilities section of Santana’s balance sheet as at January 31, 2014.

Answer 1

$22,577.1

Step-by-step explanation:

SANTANA INC.Balance Sheet (Partial)January 31, 2014

Current liabilitiesNotes payable $2,563.6

Accounts payable $4,263.9

Current portion of mortgage payable $1992.2

Warranty liability $1,417.3

Unearned rent revenue $1,058.1

Salaries and wages payable $858.1

Income taxes payable $265.2

Total current liabilities $12,418.4

Long-term liabilitiesMortgage payable$6,746.7

Bonds payable $1,961.2

Accrued pension liability$1,115.2

Notes payable $335.6

Total long-term liabilities $10,158.7

Total liabilities $22,577.1

($12,418.4 +$10,158.7)