. Steiner Sales Company has the following selected accounts after posting adjusting entries: Accounts Payable $ 65,000 Notes Payable, 3-month 50,000 Accumulated Depreciation—Equipment 14,000 Notes Payable, 5-year, 6% 80,000 Payroll Tax Expense 4,000 Interest Payable 3,000 Mortgage Payable 120,000 Sales Taxes Payable 38,000 Prepare the current liability section of Steiner Sales Company's balance sheet, assuming $15,000 of the mortgage is payable next year

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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. Steiner Sales Company has the following selected accounts after posting adjusting entries:

Accounts Payable $ 65,000

Notes Payable, 3-month 50,000

Accumulated Depreciation—Equipment 14,000

Notes Payable, 5-year, 6% 80,000

Payroll Tax Expense 4,000

Interest Payable 3,000

Mortgage Payable 120,000

Sales Taxes Payable 38,000

Prepare the current liability section of Steiner Sales Company's balance sheet, assuming $15,000 of the

mortgage is payable next year

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