J Accounts Payable Salaries Payable Accumulated Depreciation, Equipment Estimated Warranty Liability Mortgage Payable Notes Payable, 6 months $107,000 148,000 35,000 30,000 287,000 33,000 Required: Prepare the current liability section of Creative's balance sheet. $47,000 in principal is due during 2024 regarding the mortgage payable.
J Accounts Payable Salaries Payable Accumulated Depreciation, Equipment Estimated Warranty Liability Mortgage Payable Notes Payable, 6 months $107,000 148,000 35,000 30,000 287,000 33,000 Required: Prepare the current liability section of Creative's balance sheet. $47,000 in principal is due during 2024 regarding the mortgage payable.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Accounts Payable
Salaries Payable
Accumulated Depreciation, Equipment
Estimated Warranty Liability
Mortgage Payable
Notes Payable, 6 months
$107,000
148,000
35,000
30,000
287,000
33,000
Required:
Prepare the current liability section of Creative's balance sheet. $47,000 in principal is due during 2024 regarding the mortgage
payable.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F38d3e760-0636-4694-a269-52bdfd8af0d0%2F3466ba56-98de-42a7-af2c-077a677da5fa%2Fgi2i497_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Accounts Payable
Salaries Payable
Accumulated Depreciation, Equipment
Estimated Warranty Liability
Mortgage Payable
Notes Payable, 6 months
$107,000
148,000
35,000
30,000
287,000
33,000
Required:
Prepare the current liability section of Creative's balance sheet. $47,000 in principal is due during 2024 regarding the mortgage
payable.
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