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Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts payable...

Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018:

Accounts payable $25,600
Bond payable, due 2027 24,200
Salaries payable 17,700
Note payable, due 2019 20,100
Note payable, due 2023 41,300


What amount should be included in the current liabilities section of Janson's December 31, 2018, balance sheet?

Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018:

Accounts payable $25,600
Bond payable, due 2027 24,200
Salaries payable 17,700
Note payable, due 2019 20,100
Note payable, due 2023 41,300


What amount should be included in the current liabilities section of Janson's December 31, 2018, balance sheet?Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018:

Accounts payable $25,600
Bond payable, due 2027 24,200
Salaries payable 17,700
Note payable, due 2019 20,100
Note payable, due 2023 41,300


What amount should be included in the current liabilities section of Janson's December 31, 2018, balance sheet?Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018:

Accounts payable $25,600
Bond payable, due 2027 24,200
Salaries payable 17,700
Note payable, due 2019 20,100
Note payable, due 2023 41,300


What amount should be included in the current liabilities section of Janson's December 31, 2018, balance sheet?Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018:

Accounts payable $25,600
Bond payable, due 2027 24,200
Salaries payable 17,700
Note payable, due 2019 20,100
Note payable, due 2023 41,300


What amount should be included in the current liabilities section of Janson's December 31, 2018, balance sheet?Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018:

Accounts payable $25,600
Bond payable, due 2027 24,200
Salaries payable 17,700
Note payable, due 2019 20,100
Note payable, due 2023 41,300


What amount should be included in the current liabilities section of Janson's December 31, 2018, balance sheet?

Solutions

Expert Solution

  • All working forms part of the answer
  • I’ve examined the data and noticed that the SAME QUESTION with SAME DATA and SAME REQUIREMENT are posted.
  • The requirement asked is Amount included in Current Liabilities in Dec 31, 2018 Balance Sheet.
  • Answer:

--Current Liabilities are those liabilities that are to be paid off in near future and in very short period.

--Based on above, the current liabilities section of Jason Corporation will include:

#1 Accounts payable of $ 25,600
#2 Salaries payable of $ 17,700, and
#3 Notes Payable of $ 20,100 (as they are due in next year )

Current liabilities section of Janson's December 31, 2018, balance sheet:

Accounts Payable

$            25,600.00

Salaries Payable

$            17,700.00

Notes Payable (due in 2019)

$            20,100.00

Total Current Liabilities

$            63,400.00

ekkarill92 answered 2 years ago
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