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Current Liabilities Section Patterson Inc. had the following accounts and balances on December 31, 2016: Income Taxes Payable $62,550 Notes Payable, 10%, due June 2,
Current Liabilities Section
Patterson Inc. had the following accounts and balances on December 31, 2016:
Income Taxes Payable | $62,550 |
| Notes Payable, 10%, due June 2, 2017 | $ 1,000 |
Allowance for Doubtful Accounts | 17,800 |
| Accounts Receivable | 67,500 |
Accounts Payable | 24,600 |
| 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 |
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Required:
Prepare the Current Liabilities section of Patterson Inc.'s balance sheet as of December 31, 2016.
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