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Homework answers / question archive / GAMA trial balance for December 31, the end of its fiscal year, included the following accounts: Accounts Payable $39,000 Dividends Payable 15,000 Bond Payable, maturing in 9 years 36,000 Salaries Payable 7,000 Prepaid Rent 3,000 Note Payable, due in 1 year 30,000 Current portion of long term debit 70,000 QUESTION : CALCULATE The amount that should be classified as current liabilities on GAMA's December 31 balance sheet is ? WRITE YOUR ANSWER EXACT NUMBER

GAMA trial balance for December 31, the end of its fiscal year, included the following accounts: Accounts Payable $39,000 Dividends Payable 15,000 Bond Payable, maturing in 9 years 36,000 Salaries Payable 7,000 Prepaid Rent 3,000 Note Payable, due in 1 year 30,000 Current portion of long term debit 70,000 QUESTION : CALCULATE The amount that should be classified as current liabilities on GAMA's December 31 balance sheet is ? WRITE YOUR ANSWER EXACT NUMBER

Finance

GAMA trial balance for December 31, the end of its fiscal year, included the following accounts:

Accounts Payable

$39,000

Dividends Payable

15,000

Bond Payable, maturing in 9 years

36,000

Salaries Payable

7,000

Prepaid Rent

3,000

Note Payable, due in 1 year

30,000

Current portion of long term debit

70,000

QUESTION : CALCULATE The amount that should be classified as current liabilities on GAMA's December 31 balance sheet is ? WRITE YOUR ANSWER EXACT NUMBER

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Current laibilities=accounts payables+dividends payables+salaries payables+Notes payables+current portion of long term debt=39000+15000+7000+30,000+70,000=161,000