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    Mehlab's Avatar
    Mehlab Posts: 1, Reputation: 1
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    #1

    Oct 15, 2011, 08:44 AM
    Mortgage payable?
    I have a problem here;
    In adjusted trial balance of 2002, mortgage payable is 93,600 and 13,600 out of it is to be paid in 2003. So, how will this be entered in the classified balance sheet?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Oct 15, 2011, 10:05 AM
    The amount to be paid in 2003 will be listed under current Liabilities as Mortgage Payable, current portion due or something similar
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