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Current Liabilities Section Jackie Company had the following accounts and balances on December 31, 2017: $61,250 $1,000 Income Taxes Payable Allowance for Doubtful Accounts Notes
Current Liabilities Section Jackie Company had the following accounts and balances on December 31, 2017: $61,250 $1,000 Income Taxes Payable Allowance for Doubtful Accounts Notes Payable, 10%, due June 2, 2018 Accounts Receivable 17,800 67,500 Accounts Payable 24,400 Discount on Notes Payable 150 Interest Receivable 5,000 Current Maturities of Long-Term Debt 6,900 Unearned Revenue 4,320 Interest Payable 3,010 Wages Payable 6,000 Required: Prepare the Current Liabilities section of Jackie Company's balance sheet as of December 31, 2017. Jackie Company Partial Balance Sheet As Of December 31, 2017 Current Liabilities: Accounts payable 2,580 X Notes payable, 10%, due June 2, 2018 1,000 Discount on notes payable 150 850 Current maturities of long-term debtv 6,900 Other Accrued Liabilities: Interest payable 3,110 X Wages payable 6,600 X Unearned revenue 4,320 14,030 X Income taxes payable 62,000 X Total Current Liabilities 109,580
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