Using the reciprocal services method, which of the following equations represents the correct algebraic expression needed to capture the total costs of a Janitorial Department (J) that includes $350,000 of direct costs and 30% of the Maintenance Department (M) cost and the Maintenance Department that includes $50,000 of direct costs and 50% of the Janitorial Department? (Hint: This equation is derived from the two separate equations representing each department's costs.) Group of answer choices J = $350,000 + (0.30 : $50,000) + (0.50 : J) J = ($350,000 * 0.30) + ($50,000 * 0.50) + J J = $350,000 - [ (0.30 * $50,000) - (0.50 * J) ] J = $350,000 + {0.30 * [$50,000 + (0.50 * J) ]}
Presented here are liability items for Skysong, Inc. at December 31, 2017. Accounts payable $298,300 FICA taxes payable $14,820 Notes payable (due May 1, 2018) 38,000 Interest payable 76,000 Bonds payable (due 2021) 1,710,000 Notes payable (due 2019) 152,000 Unearned rent revenue 456,000 Income taxes payable 6,650 Discount on bonds payable 77,900 Sales taxes payable 3,230
Prepare the liabilities section of Skysong's balance sheet.