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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:
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A) | $41,000 |
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B) | $63,000 |
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C) | $101,000 |
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D) | $61,000 |
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