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The liabilities of Organic Foods are made up of $66,000 in notes payable as of its December 31 year-end. For those notes payable, $3,600
The liabilities of Organic Foods are made up of $66,000 in notes payable as of its December 31 year-end. For those notes payable, $3,600 is due within the next year. Prepare the liabilities section of Organic Foods's December 31 year-end balance sheet. ORGANIC FOODS Liabilities Section of Balance Sheet Current liabilities Notes receivable Long-term liabilities December 31 3,600 Notes payable 62,400 Total liabilities $ 66,000 k
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