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Magnum Retailers had the following Liabilities balance as of the Balance Sheet date of October 31, 2019. Accounts Payable 25,500 Unearned Revenue 13,500 Long-Term Debt
Magnum Retailers had the following Liabilities balance | ||||||
as of the Balance Sheet date of October 31, 2019. | ||||||
Accounts Payable | 25,500 | |||||
Unearned Revenue | 13,500 | |||||
Long-Term Debt | 950,000 | ($750,000 due after October 31, 2020) | ||||
Salary Payable | 155,800 | |||||
Notes Payable | 750,000 | ($450,000 due by October 31, 2020) | ||||
The company is in a lawsuit which is expected to be settled in 6-months. | ||||||
The lawsuit amount is $150,000 and the laywers predict it will be remote. | ||||||
What is the total Current Liabilities? |
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