Sandhill Corporation's adjusted trial balance contained the following liability accounts at December 31, 2020: Bonds Payable (due in 3 years) $101,750, Accounts Payable $77,800, Notes Payable (due in 90 days) $24,350, Salaries and Wages Payable $4,900, and Income Taxes Payable $8,730. Prepare the current liabilities section of the balance sheet.

Sandhill Corporation's adjusted trial balance contained the following liability accounts at December 31, 2020: Bonds Payable (due in 3 years) $101,750, Accounts Payable $77,800, Notes Payable (due in 90 days) $24,350, Salaries and Wages Payable $4,900, and Income Taxes Payable $8,730. Prepare the current liabilities section of the balance sheet.

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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