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Selected balance sheet accounts for Dexter at December 31, 2021 appear below: Accounts Payable 140,000 Accounts Receivable 120,000 Accrued Expenses 14,000 Accumulated Depreciation 135,000 Allowance
Selected balance sheet accounts for Dexter at December 31, 2021 appear below:
Accounts Payable | 140,000 |
Accounts Receivable | 120,000 |
Accrued Expenses | 14,000 |
Accumulated Depreciation | 135,000 |
Allowance for Doubtful Accounts | 3,600 |
Bonds Payable (Due 2030) | 200,000 |
Cash | 40,000 |
Current Portion of Long-Term Debt | 15,000 |
Equipment | 400,000 |
Inventory | 180,000 |
Notes Payable (Long Term) | 150,000 |
Patent | 66,000 |
Prepaid Insurance | 5,400 |
Unearned Revenue | 12,000 |
Prepare the liabilities section of the balance sheet for Dexter.
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