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The Creative Electronics Company shows the following selected adjusted account balances as at December 31, 2023: Accounts Payable $ 111,000 Salaries Payable 152,000 Accumulated Depreciation,
The Creative Electronics Company shows the following selected adjusted account balances as at December 31, 2023: Accounts Payable $ 111,000 Salaries Payable 152,000 Accumulated Depreciation, Equipment 39,000 Estimated Warranty Liability 34,000 Mortgage Payable 291,000 Notes Payable, 6 months 37,000
Required: Prepare the current liability section of Creative's balance sheet. $51,000 in principal is due during 2024 regarding the mortgage payable. during 2024 regarding the mortgage payable. Current Liabilities:
Total current Liabilities
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