Homework Help is Here – Start Your Trial Now!
Business
Accounting
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 $950 Estimated warranty payable $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? A. $22,810 B. $36,810 C. $23,110 D. $24,810

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 $950 Estimated warranty payable $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? A. $22,810 B. $36,810 C. $23,110 D. $24,810

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...
See similar textbooks
icon
Related questions
Question

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 $950 Estimated warranty payable $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? A. $22,810 B. $36,810 C. $23,110 D. $24,810
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 $950 Estimated warranty payable $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? A. $22,810 B. $36,810 C. $23,110 D. $24,810
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
SWFT Essntl Tax Individ/Bus Entities 2020
SWFT Essntl Tax Individ/Bus Entities 2020
Accounting
ISBN:
9780357391266
Author:
Nellen
Publisher:
Cengage
SEE MORE TEXTBOOKS