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Question 7 of 7 Question 7 of 7 Vien. Policies Current Attempt in Progress Culver Corporation has the following account balances at December 31.2021: Notes

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Question 7 of 7

Question 7 of 7 Vien. Policies Current Attempt in Progress Culver Corporation has the following account balances at December 31.2021: Notes payable ($67,000 due after 12/31/22) 12,000 Unearned service revenue Mortgage Payable (S101.ooo due in 2022) Salaries payable Accounts payable 2800co 71.000 In addition. Culver is involved in a lawsuit. Legal counsel feels it is probable Culver will pay darnages of S28.CX)O in 2022 Culver records provisions related to litigations in the account Litigation Liability. Prepare the current liabilities section of December 31. 2021. balance sheet. Culver (partial) Balance Sheet

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