Current Attempt in Progress Oriole Sales Company has the following selected accounts after posting adjusting entries:...

Transcribed Image Text:

Current Attempt in Progress Oriole Sales Company has the following selected accounts after posting adjusting entries: Accounts Payable: $70,000 Notes Payable, 3-month 55,000 Accumulated Depreciation-Equipment 13,000 Notes Payable, 5-year, 6% 85,000 Payroll Tax Expense 4,500 Interest Payable 3,500 Mortgage Payable Sales Taxes Payable 125,000 43,000 Prepare the current liability section of Oriole Sales Company's balance sheet, assuming $14,000 of the mortgage is payable next year. (For Notes Payable enter the account name only and do not provide any additional descriptive information.) Total Liabilities ORIOLE SALES COMPANY $ Current Attempt in Progress Oriole Sales Company has the following selected accounts after posting adjusting entries: Accounts Payable: $70,000 Notes Payable, 3-month 55,000 Accumulated Depreciation-Equipment 13,000 Notes Payable, 5-year, 6% 85,000 Payroll Tax Expense 4,500 Interest Payable 3,500 Mortgage Payable Sales Taxes Payable 125,000 43,000 Prepare the current liability section of Oriole Sales Company's balance sheet, assuming $14,000 of the mortgage is payable next year. (For Notes Payable enter the account name only and do not provide any additional descriptive information.) Total Liabilities ORIOLE SALES COMPANY $