Parker Manufacturing's trial balance included the following account balances at December 31, 2024: ⚫ Accounts payable: $30,000 • Bond payable, due 2030: $50,000 ⚫ Wages payable: $18,000 ⚫ Note payable, due 2025: $25,000 ⚫ Note payable, due 2026: $35,000 What amount should be included in the current liability section of Parker's December 31, 2024, balance sheet? a. $48,000 b. $73,000 c. $83,000 d. $158,000

Parker Manufacturing's trial balance included the following account balances at December 31, 2024: ⚫ Accounts payable: $30,000 • Bond payable, due 2030: $50,000 ⚫ Wages payable: $18,000 ⚫ Note payable, due 2025: $25,000 ⚫ Note payable, due 2026: $35,000 What amount should be included in the current liability section of Parker's December 31, 2024, balance sheet? a. $48,000 b. $73,000 c. $83,000 d. $158,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable

Section: Chapter Questions

Problem 9RE

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