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Lanson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts payable                   $26,800 Bonds payable, due 2030        24,900 Salaries payable                        16,900 Notes payable, due 2022        22,000 Notes payable, due 2026        40,800 What amount should be included in the current liabilities section of Lanson's December 31, 2021, balance sheet? Group of answer choices $65,700 $43,700 $106,500 $68,600

Lanson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts payable                   $26,800 Bonds payable, due 2030        24,900 Salaries payable                        16,900 Notes payable, due 2022        22,000 Notes payable, due 2026        40,800 What amount should be included in the current liabilities section of Lanson's December 31, 2021, balance sheet? Group of answer choices $65,700 $43,700 $106,500 $68,600

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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7.Lanson Corporation Co.'s trial balance included the following account balances at December 31, 2021:

Accounts payable                   $26,800
Bonds payable, due 2030        24,900
Salaries payable                        16,900
Notes payable, due 2022        22,000
Notes payable, due 2026        40,800

What amount should be included in the current liabilities section of Lanson's December 31, 2021, balance sheet?

Group of answer choices
$65,700
$43,700
$106,500
$68,600
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