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Shift 40 The December 31, 2017 trial balance of Triple Company among others, includes the following Notes receivable, which have been reduced by notes discounted
Shift 40 The December 31, 2017 trial balance of Triple Company among others, includes the following Notes receivable, which have been reduced by notes discounted of $10,000 that are not yet due and on which the com pany is contingently liable V Cnsignnat 50,000 Accounts receivable, which include accounts with cred it balances of $5,000 and past due accounts of $3,000 on which a loss of 80% is anticipated wertheoa Aur Merchandise inventory, which includes goods held on consignment, $4,000 and goods received on December 31, $6,000, Neither of these items have been recorded as a purchase baany tn auny 100,000 Sondrdy tohef 00r 90,000 goods V Rent received in advance V neamd lubil s 2urert 8,000 60000 Notes payable, which are trade notes with the exception of $20,000 note payable to bank on June 30, 2018 60,000 Accounts payable, which include accounts with debit balance of $1,000 000 40,000 V Mortgage notes, which are payable in annual installments of $5,000 on February 1 of each year So 30,000 Required: What is the amount of current liabilities on December 31, 2017? note payable to bank on June 30, 2018 60,000 Accounts payable, which include accounts with debit balance of $1,000 00 40,000 V Mortgage notes, which are payable in annual installments of $5,000 on February 1 of each year So 30,000 Required: What is the amount of current liabilities on December 31, 2017
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