Question
The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise. Retained Earnings$52,000Supplies37,000Equipment72,000Accounts Receivable8,600Deferred Revenue6,000Accounts Payable15,000Common Stock25,000Notes Payable
The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise.
Retained Earnings$52,000Supplies37,000Equipment72,000Accounts Receivable8,600Deferred Revenue6,000Accounts Payable15,000Common Stock25,000Notes Payable (due in 18 months)35,000Interest Payable7,000Cash22,400
What is the amount of current liabilities?
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Financial Accounting
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
6th Edition
1618533118, 978-1618533111
