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Current Liabilities Section Otis Enterprises had the following accounts and balances on December 31, 2017: Income Taxes Payable $59,150 Notes Payable, 10%, due June 2,
Current Liabilities Section Otis Enterprises had the following accounts and balances on December 31, 2017: Income Taxes Payable $59,150 Notes Payable, 10%, due June 2, 2018 $ 1,000 Allowance for Doubtful Accounts 17,800 Accounts Receivable 67,500 Accounts Payable 18,800 150 Interest Receivable 5,000 Discount on Notes Payable Current Maturities of Long-Term Debt Interest Payable 6,900 Unearned Revenue 4,320 3,010 6,000 Wages Payable > Required: Prepare the Current Liabilities section of Otis Enterprises's balance sheet as of December 31, 2017. Otis Enterprises Partial Balance Sheet As of December 31, 2017 Current liabilities: Other accrued liabilities: Total current liabilities
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