Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Transcribed Image Text:Janson Corporation Co.'s trial balance included the following
account balance at December 31, 2013:
Accounts payable: $25,000
Bond payable, due 2022: $22,000
Salaries payable: $16,000
Note payable, due 2014: $20,000
Note payable, due 2018: $40,000
What amount should be included in the current liability section
of Janson's December 31, 2013, balance sheet?
a. $63,000
b. $41,000
c. $61,000
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