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Janson Corporation Co.'s trial balance included the following account balance at December 31, 2013: Accounts payable: $25,000 Bond payable, due 2022: $22,000 Salaries payable: $16,000 Note payable, due 2014: $20,000 Note payable, due 2018: $40,000 What amount should be included in the current liability section of Janson's December 31, 2013, balance sheet? a. $63,000 b. $41,000 c. $61,000 d. $101,000

Janson Corporation Co.'s trial balance included the following account balance at December 31, 2013: Accounts payable: $25,000 Bond payable, due 2022: $22,000 Salaries payable: $16,000 Note payable, due 2014: $20,000 Note payable, due 2018: $40,000 What amount should be included in the current liability section of Janson's December 31, 2013, balance sheet? a. $63,000 b. $41,000 c. $61,000 d. $101,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Janson Corporation Co.'s trial balance included the following account balance at December 31, 2013: Accounts payable: $25,000 Bond payable, due 2022: $22,000 Salaries payable: $16,000 Note payable, due 2014: $20,000 Note payable, due 2018: $40,000 What amount should be included in the current liability section of Janson's December 31, 2013, balance sheet? a. $63,000 b. $41,000 c. $61,000 d. $101,000
Transcribed Image Text:Janson Corporation Co.'s trial balance included the following account balance at December 31, 2013: Accounts payable: $25,000 Bond payable, due 2022: $22,000 Salaries payable: $16,000 Note payable, due 2014: $20,000 Note payable, due 2018: $40,000 What amount should be included in the current liability section of Janson's December 31, 2013, balance sheet? a. $63,000 b. $41,000 c. $61,000 d. $101,000
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