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The balances of select accounts of​ Elliott, Inc. as of December​ 31, 2018 are given​ below:...

The balances of select accounts of​ Elliott, Inc. as of December​ 31, 2018 are given​ below:

Notes

Payablelong short−term

$1,400

Salaries Payable

4,000
Notes

Payablelong—long−term

22,000

Accounts Payable

3,000

Unearned Revenue

1,000

Interest Payable

2,300

The Unearned Revenue is the amount of cash received for services to be rendered in​ January, 2019. The Interest Payable is due on February​ 15, 2019. What are the total current liabilities shown on the balance sheet at December​ 31, 2018?

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Expert Solution

Notes Payable short−term 1400
Salaries Payable 4000
Accounts Payable 3000
Unearned Revenue 1000
Interest Payable 2300
Total current liabilities at December​ 31, 2018 11700

ekkarill92 answered 1 year ago
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