Included in Jurassick Company”s liability accounts at December 31, 2014, was the following:
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12% note payable issued in 2004 for cash and due in May 2015 Don't use plagiarized sources. Get Your Custom Essay on
how much of the above should be included in the current liability section of jurassi 610364
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$200,000 |
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Sales taxes payable |
16,000 |
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Interest payable |
11,000 |
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Federal income tax withholdings |
6,000 |
How much of the above should be included in the current liability section of Jurassick”s balance sheet at December 31, 2014?
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