Question
High Hills Hospital documents the following information relating to its financial situation as of September 30, 20X1: accrued expenses payable $760 inventory $480 accumulated depreciation
High Hills Hospital documents the following information relating to its financial situation as of September 30, 20X1:
accrued expenses payable $760
inventory $480
accumulated depreciation $2,800
accounts payable $420
prepaid expenses $ 90
cash $600
deferred income $15
land, buildings and equipment $8,800
accounts receivable $2,450
unpaid documents $150
long-term investments $400
bonds payable (due 20X9) $3,500
Required
What is the appropriate amount to record on the balance sheet for September 30, 20X1 for total current liabilities?
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Governmental and Nonprofit Accounting
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
10th edition
132751267, 978-0132751261
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