The adjusted trial balance of Kaid Company includes the following accounts Unearned Revenue $2,500, Mortgage Payable $50,800 (of which $5,000 is due in 6 months), Accounts Payable $8,500, Notes Payable $6,700 due in 10 months, and Interest Payable $750 Prepare the current liabilities section of the...

Current liabilities Accounts payable 85 ...

The adjusted trial balance of Kaid Company includes the following accounts: Unearned Revenue $2,500, Mortgage Payable $50,800

Question:

The adjusted trial balance of Kaid Company includes the following accounts: Unearned Revenue $2,500, Mortgage Payable $50,800 (of which $5,000 is due in 6 months), $8,500, Notes Payable $6,700 due in 10 months, and Interest Payable $750. Prepare the current liabilities section of the balance sheet.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...