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The adjusted trial balance for ABCD Corp., at the end of the current year, 2015, contained the following accounts 5-year Bonds Payable 8% $ 1,600,000

The adjusted trial balance for ABCD Corp., at the end of the current year, 2015, contained the following accounts

5-year Bonds Payable 8%

$ 1,600,000

Bond Interest Payable

50,000

Notes Payable (3 mo.)

40,000

Notes Payable (5 yr)

165,000

Mortgage Payable (P15,000 due currently)

200,000

Salaries Payable

18,000

Taxes Payable (due 3/15 of 2016)

25,000

Determine the

  1. Total Current Liabilities

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