Question
Mill Co.s trial balance included the following account balances at December 31, 2010: Accounts Payable $15,000 Bonds Payable, due 2011 25,000 Discount on Bonds Payable,
Mill Co.s trial balance included the following account balances at December 31, 2010:
Accounts Payable $15,000
Bonds Payable, due 2011 25,000
Discount on Bonds Payable, due 2011 3,000
Dividends Payable, 1/31/11 8,000
Notes Payable, due 2012 20,000
What amount should be included in the current liabilities section of Mills December 31, 2010, balance sheet? Show computations.
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After The Quality Audit Closing The Loop On The Audit Process
Authors: J. P. Russell, Terry Regel
2nd Edition
0873894863, 978-0873894869
