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Determine what is the amount of current liabilities

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Reference no: EM132631412

Constable Co. reported the following information at December 31, Year 1:

Accounts Payable $4680

Accounts Receivable 9530

Cash 25,290

Common Stock 91,800

Equipment 51,300

Inventory 33,000

Notes Payable due December 31, Year 3 2680

Retained Earnings, December 31, Year 1 14,270

Wages Payable 5690

Problem 1: What is the amount of current liabilities on the classified balance sheet?

Select one:

A. $13,050

B. $10,370

C. $7360

D. $4680

Reference no: EM132631412

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