Refer to the following liability balances of December 31, 2022, for Eagle Corporation: Liability Accounts payable Amount $18,000 Employee health insurance payable $900 Employee income tax payable $1,200 Estimated warranty payable $2,000 Long-term notes payable (Due 2024) $35,000 FICA-OASDI taxes payable $1,400 Sales tax payable $800 Mortgage payable (Due 2025) $15,000 Bonds payable (Due 2026) $55,000 Current portion of long-term notes payable $10,000 What is the total amount of current liabilities?
Refer to the following liability balances of December 31, 2022, for Eagle Corporation: Liability Accounts payable Amount $18,000 Employee health insurance payable $900 Employee income tax payable $1,200 Estimated warranty payable $2,000 Long-term notes payable (Due 2024) $35,000 FICA-OASDI taxes payable $1,400 Sales tax payable $800 Mortgage payable (Due 2025) $15,000 Bonds payable (Due 2026) $55,000 Current portion of long-term notes payable $10,000 What is the total amount of current liabilities?
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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Transcribed Image Text:Refer to the following liability balances of December 31, 2022, for Eagle
Corporation:
Liability
Accounts payable
Amount
$18,000
Employee health insurance payable
$900
Employee income tax payable
$1,200
Estimated warranty payable
$2,000
Long-term notes payable (Due 2024)
$35,000
FICA-OASDI taxes payable
$1,400
Sales tax payable
$800
Mortgage payable (Due 2025)
$15,000
Bonds payable (Due 2026)
$55,000
Current portion of long-term notes payable $10,000
What is the total amount of current liabilities?
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