Reference no: EM132602091
Question - Jackie Company had the following accounts and balances on December 31, 2016:
Income Taxes Payable $61,250
Notes Payable, 10%, due June 2, 2017 $ 1,000
Allowance for Doubtful Accounts 17,800
Accounts Receivable 67,500
Accounts Payable 24,400
Discount on Notes Payable 150
Interest Receivable 5,000
Current Maturities of Long-Term Debt 6,900
Unearned Revenue 4,320
Interest Payable 3,010
Wages Payable 6,000
Required - Prepare the Current Liabilities section of Jackie Company's balance sheet as of December 31, 2016.
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