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Refer to the following fat of liability balances of December 31, 2017. Accounts payable $22,000 Employee health insurance payable $650 Employee income tax payable $800 Estimated warranty payable $1,500 Long-term notes payable (Due 2021) $42,000 FICA-OASDI taxes payable $1,160 Sales tax payable $570 Mortgage payable (Due 2022) $12,000 Bonds payable (Due 2023) $63,000 Current portion of long-term notes payable $12,500 What is the total amount of current liabilities? A. $24,380 B. $39,180 C. $25,880 D. $26,680

Refer to the following fat of liability balances of December 31, 2017. Accounts payable $22,000 Employee health insurance payable $650 Employee income tax payable $800 Estimated warranty payable $1,500 Long-term notes payable (Due 2021) $42,000 FICA-OASDI taxes payable $1,160 Sales tax payable $570 Mortgage payable (Due 2022) $12,000 Bonds payable (Due 2023) $63,000 Current portion of long-term notes payable $12,500 What is the total amount of current liabilities? A. $24,380 B. $39,180 C. $25,880 D. $26,680

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 2EA: Consider the following accounts and determine if the account is a current liability, a noncurrent...
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What is the total amount of current liabilities?? General accounting

Refer to the following fat of liability balances of December 31, 2017. Accounts payable $22,000 Employee health insurance payable $650 Employee income tax payable $800 Estimated warranty payable $1,500 Long-term notes payable (Due 2021) $42,000 FICA-OASDI taxes payable $1,160 Sales tax payable $570 Mortgage payable (Due 2022) $12,000 Bonds payable (Due 2023) $63,000 Current portion of long-term notes payable $12,500 What is the total amount of current liabilities? A. $24,380 B. $39,180 C. $25,880 D. $26,680
Transcribed Image Text:Refer to the following fat of liability balances of December 31, 2017. Accounts payable $22,000 Employee health insurance payable $650 Employee income tax payable $800 Estimated warranty payable $1,500 Long-term notes payable (Due 2021) $42,000 FICA-OASDI taxes payable $1,160 Sales tax payable $570 Mortgage payable (Due 2022) $12,000 Bonds payable (Due 2023) $63,000 Current portion of long-term notes payable $12,500 What is the total amount of current liabilities? A. $24,380 B. $39,180 C. $25,880 D. $26,680
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