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Kingbird Company has the following selected accounts after posting adjusting entries: Accounts Pavable $65,000 Notes Payable, 3-month 92,000 Accumulated Depreciation-Equipment 14,000 Notes Payable, 5-year,
Kingbird Company has the following selected accounts after posting adjusting entries: Accounts Pavable $65,000 Notes Payable, 3-month 92,000 Accumulated Depreciation-Equipment 14,000 Notes Payable, 5-year, 8% 83,000 Payroll Taxes Expense 7,000 4,600 Interest Payable Mortgage Payable Sales Taxes Payable 170,000 27,100 Prepare the current liability section of Kingbird Company's balance sheet, assuming $15.600 of the mortgage is payable next year. (For Notes Payable enter the account name only and do not provide any additional descriptive information.)
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