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Swifty Corporation's adjusted trial balance contained the following liability accounts at December 31, 2025: Bonds Payable (due in 3 years) $103,950, Accounts Payable $72,100, Notes Payable (due in 90 days) $23,780, Salaries and Wages Payable $4,530, and Income Taxes Payable $8,420. Prepare the current liabilities section of the balance sheet. SWIFTY CORPORATION Balance Sheet (Partial) <>> <> $ $ SUPPOR

Swifty Corporation's adjusted trial balance contained the following liability accounts at December 31, 2025: Bonds Payable (due in 3 years) $103,950, Accounts Payable $72,100, Notes Payable (due in 90 days) $23,780, Salaries and Wages Payable $4,530, and Income Taxes Payable $8,420. Prepare the current liabilities section of the balance sheet. SWIFTY CORPORATION Balance Sheet (Partial) <>> <> $ $ SUPPOR

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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Swifty Corporation's adjusted trial balance contained the following liability accounts at December 31, 2025: Bonds Payable (due in 3 years) $103,950, Accounts Payable $72,100, Notes Payable (due in 90 days) $23,780, Salaries and Wages Payable $4,530, and Income Taxes Payable $8,420. Prepare the current liabilities section of the balance sheet. SWIFTY CORPORATION Balance Sheet (Partial) <>> <> $ $ SUPPOR
Transcribed Image Text:Swifty Corporation's adjusted trial balance contained the following liability accounts at December 31, 2025: Bonds Payable (due in 3 years) $103,950, Accounts Payable $72,100, Notes Payable (due in 90 days) $23,780, Salaries and Wages Payable $4,530, and Income Taxes Payable $8,420. Prepare the current liabilities section of the balance sheet. SWIFTY CORPORATION Balance Sheet (Partial) <>> <> $ $ SUPPOR
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