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Smith's Corporation Co.'s trial balance included the following account balances on December 31, 2020: Accounts payable $25,000 bond payable, due 2030, $22,000 salaries payable $16,000

Smith's Corporation Co.'s trial balance included the following account balances on December 31, 2020: Accounts payable $25,000

bond payable, due 2030, $22,000

salaries payable $16,000

notes payable, due 2021, $20,000

notes payable, due 2026, $40,000

What amount should be included in the current liability section of Smith's December 31, 2020, balance sheet?

Question 8 options:

A)

$41,000

B)

$63,000

C)

$101,000

D)

$61,000

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