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Current Liabilities Section Yu Corp. had the following accounts and balances on December 31, 2017: Income Taxes Payable $64,450 Allowance for Doubtful Accounts 17,800 Notes
Current Liabilities Section Yu Corp. had the following accounts and balances on December 31, 2017: Income Taxes Payable $64,450 Allowance for Doubtful Accounts 17,800 Notes Payable, 10%, due June 2, 2018 Accounts Receivable $1,000 67,500 Accounts Payable 21,800 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 Yu Corp.'s balance sheet as of December 31, 2017. Yu Corp. Partial Balance Sheet As of December 31, 2017 Current liabilities: Other accrued liabilities: Total current liabilities 1000
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