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Prepare current liability section of company balance sheet

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Reference no: EM133172107

Question - Wildhorse Sales Company has the following selected accounts after posting adjusting entries:

Accounts Payable $71,000

Notes Payable, 3-month 58,000

Accumulated Depreciation-Equipment 14,800

Notes Payable, 5-year, 6% 89,000

Payroll Tax Expense 4,900

Interest Payable 3,100

Mortgage Payable 130,000

Sales Taxes Payable 42,500

Required - Prepare the current liability section of Wildhorse Sales Company's balance sheet, assuming $16,800 of the mortgage is payable next year.

Reference no: EM133172107

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