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M 2. Stratege4U Company has the following selected accounts after posting adjusting entries: Accounts Payable $ 60,000 Notes Payable, 3-month 75,000 Accumulated Depreciation Equipment 25,000
M 2. Stratege4U Company has the following selected accounts after posting adjusting entries: Accounts Payable $ 60,000 Notes Payable, 3-month 75,000 Accumulated Depreciation Equipment 25,000 FICA Taxes Payable 10,000 Notes Payable, 10-year, 10% 60,000 Warranty Liability 40,000 Payroll Tax Expense 6,000 Interest Payable 15,000 Mortgage Payable 300,000 Sales Taxes Payable 8,000 Account Receivable 6,000 Unearned Revenue 20,000 nce ice Instructions Prepare the current liability section of Stratege4U Company's balance sheet, assuming $75,000 of the mortgage is payable next year
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