Question
GAMA trial balance for December 31, the end of its fiscal year, included the following accounts: Accounts Payable $39,000 Dividends Payable 15,000 Bond Payable, maturing
GAMA trial balance for December 31, the end of its fiscal year, included the following accounts:
| Accounts Payable | $39,000 |
| Dividends Payable | 15,000 |
| Bond Payable, maturing in 9 years | 36,000 |
| Salaries Payable | 7,000 |
| Prepaid Rent | 3,000 |
| Note Payable, due in 1 year | 30,000 |
| Current portion of long term debit | 70,000 |
QUESTION : CALCULATE The amount that should be classified as current liabilities on GAMA's December 31 balance sheet is ? WRITE YOUR ANSWER EXACT NUMBER
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
