Pina Models has the following account balances i cel Answer 31, 2024: Notes payable ($58,000 due after

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Pina Models has the following account balances i cel Answer 31, 2024: Notes payable ($58,000 due after Dec. 31, 2025) $96,000 Unearned revenue 67,000 Mortgage payable ($86,000 due in 2025) 240,000 Salaries payable 31,000 Accounts payable 60,000 In addition, Pina is involved in a lawsuit. Legal counsel feels it is probable Pina will pay damages of $24,000 in 2025. Pina records contingent liabilities in the account Litigation Liability. Prepare the current liabilities section of Pina's December 31, 2024, balance sheet. PINA MODELS (Partial) Balance Sheet < December 31, 2024 Month Ended December 31, 2024 Year Ended December 31, 2024

Posted Date: May 18, 2024 08:14 AM

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Pina Models has the following account balances i cel Answer 31, 2024: Notes payable ($58,000 due after

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