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Included in a Company's December 31, 2020, trial balance are the following accounts: Accounts Payable 20,000, Pension Liability 375,000, Advances from Customers 41,000, Bonds Payable
Included in a Company's December 31, 2020, trial balance are the following accounts: Accounts Payable 20,000, Pension Liability 375,000, Advances from Customers 41,000, Bonds Payable 371,000, Interest Payable 12,000, Income Taxes Payable 29,000 and held for collection within 6 months 15,000.
Required: Prepare the current liabilities section of the statement of financial position.
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