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Lily Online Company has these liability accounts after posting adjusting entries: Accounts Payable $73,000, Unearned Ticket Revenue $28,500, Warranty Liability $20,500, Interest Payable $9,800, Mortgage

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Lily Online Company has these liability accounts after posting adjusting entries: Accounts Payable $73,000, Unearned Ticket Revenue $28,500, Warranty Liability $20,500, Interest Payable $9,800, Mortgage Payable $128,000, Notes Payable $80,500, and Sales Taxes Payable $11,000. Assume the company's operating cycle is less than 1 year, ticket revenue will be recognized within 1 year warranty costs are expected to be incurred within 1 year, and the notes mature in 3 years. (a) Prepare the current liabilities section of the balance sheet, assuming $34,500 of the mortgage is payable next year. LILY ONLINE COMPANY Partial Balance Sheet $

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