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K At December 31, 2021, Cresent Corporation's adjusted trial balance shows the following balances: (Click the icon to view more information.) (Click the icon to

K At December 31, 2021, Cresent Corporation's adjusted trial balance shows the following balances: (Click the icon to view more information.) (Click the icon to view the balances.) Requirement 1. Prepare the current liability section of Cresent Corporation's balance sheet at December 31, 2021. (If applicable, combine the Notes Payable on one line of the statement.) Account Cresent Corporation Balance Sheet (partial) 0 December 31, 2021 Amount 0 c 0 of E Data table - balance ation.) Accrued Warranty Payable $57,000 er 31, 20. 14% Notes Payable, due April 30, 2022 170,000 Unearned Service Revenue 50,000 Accounts Payable 245,000 Employee Income Tax Payable 30,000 Accounts Receivable 287,000 Interest Payable 27,000 12% Bonds Payable, due December 31, 2026 400,000 Accumulated Depreciation 85,000 Treasury Stock 166,000 Salaries Payable 106,000 6% Notes Payable, due December 31, 2022 240,000 Sales Tax Payable 69,000 FICA Tax Payable 14,000 Print Done K At December 31, 2021, Cresent Corporation's adjusted trial balance shows the following balance= (Click the icon to view the balances.) (Click the icon to view more information.) Requirement More info Cresent Corporation provides multi-year warranties with its products. Half of the Accrued Warranty Liability relates to warranty liabilities that will be paid in 2022, while the other half relates to warranty liabilities to be paid in 2023. The Unearned Service Revenue pertains to a service contract that will be performed during 2022. $104,000 of the 12% bonds payable due December 31, 2026, is due on December 31, 2022. Print Done er 31, 202 - X

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