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QUESTION 1 1 poi A company reported $212,000 of accounts payable and $36,000 of unearned revenue on its March 31,2019 balance sheet. During April, the
QUESTION 1 1 poi A company reported $212,000 of accounts payable and $36,000 of unearned revenue on its March 31,2019 balance sheet. During April, the following transactions occurred: Apr. 1 Apr. 3 Apr. 15 Signed a 9-month 3% note for $100,000 Paid suppliers $130,000 of what was owed on account A neighboring firm filed a lawsuit against the company seeking $80,000 in damages for alleged pollution of a local water source. The case will not go to trial until July 2019, and the company attorney feels the suit doesn't have merit, but it's reasonably possible that the company will have to pay the plaintiff. Apr. 30 Accrued salaries and benefits earned by employees during the last week of the month and payable on May 5 were Apr. 30 It was determined that $13,500 of unearned revenue had been earned by the end of the month. Determine total current liabilities on April 30, 2019 $15,000 A. $219,750 B. $221,750 C. $299,500 D $219,500 . $299,7510
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