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Need help with the dollar amounts. Current Liabilities By the Month Inc. sold 12,500 annual magazine subscriptions for $55 during December 20Y4. These new subscribers
Need help with the dollar amounts.
Current Liabilities By the Month Inc. sold 12,500 annual magazine subscriptions for $55 during December 20Y4. These new subscribers will receive monthly issues, beginning in January 20Y5. By the Month Inc. issued a $120,960, 180-day, 5% note payable on December 1, 20Y4. On March 31, 2045, By the Month Inc. had accounts payable of $23,000 and accrued wages payable of $6,600. Prepare the Current Liabilities section of the balance sheet for By the Month Inc. on March 31, 2045. Do not round intermediate calculations and round your final answers to the nearest dollar. (Assume 360 days in a year.) By the Month Inc. Current Liabilities Section of the Balance Sheet March 31, 2015 Current liabilities: Accounts payable Accrued wages payable Accrued interest payable Notes payable Advances on magazine subscriptions Total current liabilitiesStep by Step Solution
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