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How do I find total current assets? Current Liabilities Section Otis Enterprises had the following accounts and balances on December 31, 2017: Income Taxes Payable
How do I find total current assets?
Current Liabilities Section Otis Enterprises had the following accounts and balances on December 31, 2017: Income Taxes Payable $1,000 Allowance for Doubtful Accounts 67,500 Accounts Payable 150 $63,300 Notes Payable, 10%, due June 2, 2018 17,800 Accounts Receivable 19,000 Discount on Notes Payable 5,000 Current Maturities of Long-Term Debt 4,320 Interest Payable 6,000 Interest Receivable 6,900 3,010 Unearned Revenue Wages Payable Required: Prepare the Current Liabilities section of Otis Enterprises's balance sheet as of December 31, 2017. Otis Enterprises Partial Balance Sheet As Of December 31, 2017 Current liabilities: Accounts payable $ 19,000 Notes payable, 10%, due June 2, 2018 Discount on notes payable 150 850 Current maturities of long-term debt 6,900 Other accrued liabilities: Interest payable $ 3,010 Wages payable 6,000 Uriedrileu revenue 4,320 13,330 Income taxes payable 63,300 Total current liabilities
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