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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

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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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