Grant Co. had the following account balances at December 31, the end of its fiscal year:...

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Grant Co. had the following account balances at December 31, the end of its fiscal year: Accounts Payable $56,000 Salaries Payable Unearned Fees Income Taxes Payable Notes Payable 12,200 8,900 3,200 240,000 The note payable is an 8-year note with $30,000 due within the next year. Prepare the "Liabilities" section of the balance sheet for the company. Grant Co. Balance Sheet December 31 Line Item Description Current liabilities: Total current liabilities: Long-term liabilities: Total liabilities Amount Amount 000 Grant Co. had the following account balances at December 31, the end of its fiscal year: Accounts Payable $56,000 Salaries Payable Unearned Fees Income Taxes Payable Notes Payable 12,200 8,900 3,200 240,000 The note payable is an 8-year note with $30,000 due within the next year. Prepare the "Liabilities" section of the balance sheet for the company. Grant Co. Balance Sheet December 31 Line Item Description Current liabilities: Total current liabilities: Long-term liabilities: Total liabilities Amount Amount 000

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Grant Co Balance Sheet December 31 Liabilities Current Liabilities Accounts Payable 5... View the full answer