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Fox Co. adjusted trial balance included the following accounts, recorded at normal account balance but listed in random order, at December 31, 2018: Fox Co.
Fox Co. adjusted trial balance included the following accounts, recorded at normal account balance but listed in random order, at December 31, 2018:
Fox Co. Adjusted Trial BalanceCommon Stock $200,000
Accounts payable 300,000
Land 700,000
Note payable, due September 2020 400,000
Accounts receivable 500,000
Bonds payable, due December 2019 600,000
Discount on bonds payable 50,000
Retained earnings 800,000
Unearned revenue 100,000
What amount should be included in the current liability section of Fox's December 31, 2018, balance sheet?
$1,050,000
$400,000
$950,000
$800,000
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