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Prepare the current liabilities section of the statement

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Problem - Thomas Corporation's adjusted trial balance contained the following liability accounts at December 31, 2015. Bonds Payable (due in 3 years) $100,00, Accounts Payable $72,00, Notes Payable (due in 90 days $22,500, Salaries and Wages Payable $4,000, and Income Taxes Payable $7,000. Prepare the current liabilities section of the statement of financial position.

Reference no: EM132903443

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