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Current Liabilities Zahn Inc. sold 14,000 annual magazine subscriptions for $48 during December 2014. These new subscribers will receive monthly issues, beginning in January 2015.

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Current Liabilities Zahn Inc. sold 14,000 annual magazine subscriptions for $48 during December 2014. These new subscribers will receive monthly issues, beginning in January 2015. Zahn Inc. issued a $106,000, 180-day, 5% note payable on December 1, 2014. On March 31, 2045, Zahn Inc. had accounts payable of $ 26,500 and accrued wages payable of $6,600. Prepare the Current Liabilities section of the balance sheet for Zahn Inc. on March 31, 2015. Do not round intermediate calculations and round your final answers to the nearest dollar. (Assume 360 days in a year.) Zahn Inc. Current Liabilities Section of the Balance Sheet March 31, 2045 Current liabilities: Accounts payable 26,500 Accrued wages payable 6,600 Accrued interest payable 1.781 19 Notes payable 106.000 Advances on magazine subscriptions Total current liabilities 644,881.39

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