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Preparing the Current Liabilities Section Prepare the current liabilities section of a classified balance sheet given the following account balances on December 31, 2020. Dividends
Preparing the Current Liabilities Section Prepare the current liabilities section of a classified balance sheet given the following account balances on December 31, 2020. Dividends payable $2,000 Accounts payable Bonds payable (matures December 2028) 25,000 Income taxes payable Interest payable 500 Deferred revenue (long-term) Note payable (due June 30, 2021) 10,000 $30,000 7,000 2,500 Note: Enter current liabilities in the order of the largest dollar amount to the smallest dollar amount. Current Liabilities Section As of December 31, 2020 $ $ of the question. Accounts payable Bonds payable Deferred revenue Dividends payable Income taxes payable Interest payable Note payable ve Answers
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