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BE5.7 Thomas corporations adjusted trial balance contained the following liability accounts at December 31,2020: Bonds Payable (due in 3 years) $100,000, accounts payable $72,000 notes

BE5.7 Thomas corporations adjusted trial balance contained the following liability accounts at December 31,2020: Bonds Payable (due in 3 years) $100,000, accounts payable $72,000 notes payable (due in 90 days) $22,500 salaries and wages payable $4,000 and income taxes payable $7,000. Prepare the current liabilities section of the balance sheet.

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