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as fast as you can please 2. Complete ONE of the following. You will only be graded for one, so please circle the one you
as fast as you can please
2. Complete ONE of the following. You will only be graded for one, so please circle the one you want to get graded on 1259 a Faulkner Company has the following selected accounts after posting adjusting entries $ 45,000 Accounts Payable Notes Payable, 3-month 70 000 Accumulated Depreciation Equipment 14.000 FICA Taxes Payable 27.000 Notes Payable, 5-year, 8% 30,000 Warranty Liability 29.000 Payroll Tax Expense 6,000 Interest Payable 3,000 Mortgage Payable 200,000 Sales Taxes Payable 16.000 Instructions Prepare the current liability section of Faulkner Company's balance sheet, assuming $25,000 of the mortgage is payable next year. Page 2 of 6
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