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Your answer is partially correct. Brewer Company has the following selected accounts after posting adjusting entries Accounts Payable Notes Payable, 3-month Accumulated Depreciation-Equipment Notes Payable,

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Your answer is partially correct. Brewer Company has the following selected accounts after posting adjusting entries Accounts Payable Notes Payable, 3-month Accumulated Depreciation-Equipment Notes Payable, 5-year, 8% Payroll Taxes Expense Interest Payable Mortgage Payable Sales Taxes Payable $55,000 90,000 14,000 75,000 6,000 5,000 180,000 23,000 Prepare the current liability section of Brewer Company's balance sheet, assuming $12,000 of the mortgage is payable next year. (For Notes Payable enter the account name only and do not provide any additional descriptive information e.g. due 2017, 5 Months.) BREWER COMPANY Current Liabilities Accounts Payable 55000 Notes Payable 90000 Interest Payable 5000 Sales Taxes Payable 23000 Mortgage Payable 12000 Total Current Liabilities 185000

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