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The Creative Electronics Company shows the following selected adjusted account balances as at December 31, 2020: Accounts Payable Salaries Payable Accumulated Depreciation, Equipment Estimated Warranty

The Creative Electronics Company shows the following selected adjusted account balances as at December 31, 2020: Accounts Payable Salaries Payable Accumulated Depreciation, Equipment Estimated Warranty Liability Mortgage Payable Notes Payable, 6 months $ 96,000 137,000 24,000 19,000 276,000 22,000 Required: Prepare the current liability section of Creative's balance sheet. $36,000 in principal is due during 2021 regarding the mortgage payable. CREATIVE ELECTRONICS COMPANY Partial Balance Sheet December 31, 2020 Current liabilities Total current liabilitiesimage text in transcribed

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