Listed below are selected accounts from ABC balance sheet as of December 31, 2022: Accounts Receivable $900
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Question:
Listed below are selected accounts from ABC balance sheet as of December 31, 2022:
Accounts Receivable $900 Accounts Payable $325
Estimated Warranty Liability 120 Accumulated depreciation 200
Wages payable 350 Current maturities of long-term debt 125
Prepaid Rent 120 Interest payable 80
Unearned revenue 425 Discount on note payable, due 9/1/23 200
Note payable, due 9/1/23 600 Note payable, due 7/1/26 1,500
Allowance for doubtful accounts 130 Discount on note payable, due 7/1/26 100
Warranty Expense 90 Marketable Equity Securities 450
Determine ABC’s current liabilities balance at 12/31/22.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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