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Cullumber Sales Company has the following selected accounts after posting adjusting entries: Cullumber Sales Company has the following selected accounts after posting adjusting entries: Accounts
Cullumber Sales Company has the following selected accounts after posting adjusting entries:
Cullumber Sales Company has the following selected accounts after posting adjusting entries: Accounts Payable Notes Payable, 3-month Accumulated Depreciation-Equipment Notes Payable, 5-year, 6% Payroll Tax Expense Interest Payable Mortgage Payable Sales Taxes Payable $73,000 57.000 15,000 90,000 4.000 3.500 150,000 39.100 Prepare the current liability section of Cullumber Sales Company's balance sheet, assuming $16,800 of the mortgage is payable next year. (For Notes Payable enter the account name only and do not provide any additional descriptive information) CULLUMBER SALES COMPANY Current Liabilities Accounts Payable $ 73000 Notes Payable Interest Payable Sales Taxes Payable Interest Payable Total Current Liabilities $ Step by Step Solution
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