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The new accountant for a national chain of Spot-Free Car Washes provided the owner, Douglas, with the information about the company's current liabilities: Accounts payable

The new accountant for a national chain of Spot-Free Car Washes provided the owner, Douglas, with the information about the company's current liabilities: Accounts payable $11,312 Bank overdraft $1.345.657 Notes payable (8.9%, due next year) $100,000. Interest payable $9,800 Property taxes payable $175,000.



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