Current Liabilities Section Jackie Company had the following accounts and balances on December 31, 2010: Income Taxes

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Current Liabilities Section Jackie Company had the following accounts and balances on December 31, 2010:

Income Taxes Payable $61,250 Notes Payable, 10%, due June 2, 2011 $ 1,000 Allowance for Doubtful Accounts 17,800 Accounts Receivable 67,500 Accounts Payable 24,400 Discount on Notes Payable 150 Interest Receivable 5,000 Current Maturities of Long-Term Debt 6,900 Unearned Revenue 4,320 Interest Payable 3,010 Wages Payable 6,000 Required Prepare the Current Liabilities section of Jackie Company’s balance sheet as of December 31, 2010.

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