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Accrued Warranty Payable 14% Notes Payable, due April 30, 2019 Unearned Service Revenue Accounts Payable Employee Income Tax Payable Accounts Receivable Interest Payable 12% Bonds

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Accrued Warranty Payable 14% Notes Payable, due April 30, 2019 Unearned Service Revenue Accounts Payable Employee Income Tax Payable Accounts Receivable Interest Payable 12% Bonds Payable, due December 31, 2023 Accumulated Depreciation Treasury Stock Salaries Payable 9% Notes Payable, due December 31, 2019 $59,000 170,000 57,000 250,000 24,000 285,000 30,000 470,000 85,000 176,000 92,000 210,000 Smole Corporation provides multi-year warranties with its products. Half of the Accrued Warranty Liability relates to warranty liabilities that will be paid in 2019, while the other half relates to warranty liabilities to be paid in 2020. The Unearned Service Revenue pertains to a service contract that will be performed during 2019. $110,000 of the 12% bonds payable due December 31, 2023, is due on December 31, 2019. At December 31, 2018, Smole Corporation's adjusted trial balance shows the following balances: Click the icon to view the balances.) (Click the icon to view more information.) Requirement 1. Prepare the current liability section of Smole Corporation's balance sheet at December 31, 2018. (If applicable, combine the Notes Payable on one line of the statement.) Smole Corporation Balance Sheet (partial) December 31, 2018 Account Amount

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