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Refer to the following list of liability balances as of December 31, 2017 for VantageTech Solutions: Liability Amount Accounts Payable $18,000 Employee Health Insurance Payable $900 Employee Income Tax Payable $1,100 Estimated Warranty Payable $2,400 Long-Term Notes Payable (Due 2020) $48,000 FICA-OASDI Taxes Payable $1,450 Sales Tax Payable $680 Mortgage Payable (Due 2021) $37,000 Bonds Payable (Due 2022) $72,000 Current Portion of Long-Term Notes Payable $11,500 What is the total amount of current liabilities as of December 31, 2017?

Refer to the following list of liability balances as of December 31, 2017 for VantageTech Solutions: Liability Amount Accounts Payable $18,000 Employee Health Insurance Payable $900 Employee Income Tax Payable $1,100 Estimated Warranty Payable $2,400 Long-Term Notes Payable (Due 2020) $48,000 FICA-OASDI Taxes Payable $1,450 Sales Tax Payable $680 Mortgage Payable (Due 2021) $37,000 Bonds Payable (Due 2022) $72,000 Current Portion of Long-Term Notes Payable $11,500 What is the total amount of current liabilities as of December 31, 2017?

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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What is the total amount of current liabilities of this financial accounting question?

Refer to the following list of liability balances as of December 31, 2017 for VantageTech Solutions: Liability Amount Accounts Payable $18,000 Employee Health Insurance Payable $900 Employee Income Tax Payable $1,100 Estimated Warranty Payable $2,400 Long-Term Notes Payable (Due 2020) $48,000 FICA-OASDI Taxes Payable $1,450 Sales Tax Payable $680 Mortgage Payable (Due 2021) $37,000 Bonds Payable (Due 2022) $72,000 Current Portion of Long-Term Notes Payable $11,500 What is the total amount of current liabilities as of December 31, 2017?
Transcribed Image Text:Refer to the following list of liability balances as of December 31, 2017 for VantageTech Solutions: Liability Amount Accounts Payable $18,000 Employee Health Insurance Payable $900 Employee Income Tax Payable $1,100 Estimated Warranty Payable $2,400 Long-Term Notes Payable (Due 2020) $48,000 FICA-OASDI Taxes Payable $1,450 Sales Tax Payable $680 Mortgage Payable (Due 2021) $37,000 Bonds Payable (Due 2022) $72,000 Current Portion of Long-Term Notes Payable $11,500 What is the total amount of current liabilities as of December 31, 2017?
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