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Refer to the following list of liability balances of December 31, 2022, for Arizona Tech Solutions. Liability Amount Accounts payable $18,500 Employee health insurance payable $720 Employee income tax payable Estimated warranty payable $950 $1,800 Long-term notes payable (Due 2025) $38,000 FICA-OASDI taxes payable $1,240 Sales tax payable $600 Mortgage payable (Due 2026) $15,000 Bonds payable (Due 2027) $58,000 Current portion of long-term notes payable $13,000 What is the total amount of current liabilities?

Refer to the following list of liability balances of December 31, 2022, for Arizona Tech Solutions. Liability Amount Accounts payable $18,500 Employee health insurance payable $720 Employee income tax payable Estimated warranty payable $950 $1,800 Long-term notes payable (Due 2025) $38,000 FICA-OASDI taxes payable $1,240 Sales tax payable $600 Mortgage payable (Due 2026) $15,000 Bonds payable (Due 2027) $58,000 Current portion of long-term notes payable $13,000 What is the total amount of current liabilities?

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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Refer to the following list of liability balances of December 31, 2022, for Arizona Tech Solutions. Liability Amount Accounts payable $18,500 Employee health insurance payable $720 Employee income tax payable Estimated warranty payable $950 $1,800 Long-term notes payable (Due 2025) $38,000 FICA-OASDI taxes payable $1,240 Sales tax payable $600 Mortgage payable (Due 2026) $15,000 Bonds payable (Due 2027) $58,000 Current portion of long-term notes payable $13,000 What is the total amount of current liabilities?
Transcribed Image Text:Refer to the following list of liability balances of December 31, 2022, for Arizona Tech Solutions. Liability Amount Accounts payable $18,500 Employee health insurance payable $720 Employee income tax payable Estimated warranty payable $950 $1,800 Long-term notes payable (Due 2025) $38,000 FICA-OASDI taxes payable $1,240 Sales tax payable $600 Mortgage payable (Due 2026) $15,000 Bonds payable (Due 2027) $58,000 Current portion of long-term notes payable $13,000 What is the total amount of current liabilities?
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