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Amos Company reported the following liabilities on December 31, 2020: Loans payable, due October 1, 2021 4,000,000 Trade notes payable 450,000 Mortgage payable (P500,000


 

Amos Company reported the following liabilities on December 31, 2020: Loans payable, due October 1, 2021 4,000,000 Trade notes payable 450,000 Mortgage payable (P500,000 of 4,000,000 which is due on December 31, 2021) Accrued salaries 120,000 Utilities payable 38,000 The bank loan was refinanced with a five-year loan on March 1, 2021 with the first principal payment on March 1, 2022. The financial statements were issued on February 28, 2021. How much is the total current liabilities on December 31, 2020?

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