Refer to the following list of liability balances at December 31, 2018. Accounts Payable..........................................$25.000 Employee Health Insurance
Question:
Refer to the following list of liability balances at December 31, 2018.
Accounts Payable..........................................$25.000
Employee Health Insurance Payable.................850
Employee Income Tax Payable..........................700
Estimated Warranty Payable (Due 2019).......1,600
Long - Term Notes Payable (Due 2022).......40,000
FICA—OASDI Taxes Payable..............................660
Sales Tax Payable................................................670
Mortgage Payable (Due 2023)......................14.000
Bonds Payable (Due 2024)...........................53,000
Current Portion of Long - Term Notes Payable...13,500
What is the total amount of current liabilities?
A. $42.980
B. $29.480
C. $27.180
D. $28.780
Fundamentals of Financial Accounting
ISBN: 978-1259864230
6th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby