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.

Answer rating: 100% (QA)

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