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At December 31,2018,Cresent Corporation's adjusted trial balance shows the following balances: Accrued Warranty Payable $57,000 77% Notes Payable, due April 30, 20192019 170,000 Unearned Service

At December 31,2018,Cresent Corporation's adjusted trial balance shows the following balances:

Accrued Warranty Payable

$57,000

77%

Notes Payable, due April 30, 20192019

170,000

Unearned Service Revenue

58,000

Accounts Payable

215,000

Employee Income Tax Payable

030,000

Accounts Receivable

288,000

Interest Payable

27,000

66%

Bonds Payable, due December 31, 20232023

480,000

Accumulated Depreciation

83,000

Treasury Stock

176,000

Salaries Payable

90,000

1515%

Notes Payable, due December 31, 20192019

190,000

Sales Tax Payable

68,000

FICA Tax Payable

5,000

CresentCresent

Corporation provides multi-year warranties with its products. Half of the Accrued Warranty Liability relates to warranty liabilities that will be paid in

20192019,

while the other half relates to warranty liabilities to be paid in

20202020.

The Unearned Service Revenue pertains to a service contract that will be performed during 2019 $108,000 of the 66%bonds payable due December 31,2023,is due on December 31,2019.

1. Prepare the current liability section of CresentCorporation's balance sheet at December 31 comma 2018 December 31, 2018.(If applicable, combine the Notes Payable on one line of the statement.)

Cresent Corporation

Balance Sheet (partial)

December 31, 2018

Account

Amount

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