Using the following information, compute total current liabilities: Accrued Income Taxes Payable . . . . .

Question:

Using the following information, compute total current liabilities:
Accrued Income Taxes Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,000
Notes Payable (due in 14 months) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,100
Paid-In Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,750
Treasury Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400
Current Portion of Long-Term Debt . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000
Unearned Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250
Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 700
Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000
Additional Paid-In Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

Question Posted: