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Included in Adams Company’s December 31, 2020, trial balance are the following accounts: Accounts Payable $220,000,...

Included in Adams Company’s December 31, 2020, trial balance are the following accounts: Accounts Payable $220,000, Pension Liability $375,000, Discount on Bonds Payable $29,000, Unearned Rent Revenue $41,000, Bonds Payable $400,000, Salaries and Wages Payable $27,000, Interest Payable $12,000, and Income Taxes Payable $29,000. Prepare the current liabilities section of the balance sheet.

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Answer #1
Current liabilty
Accounts payable 220000
Unearned Rent Revenue 41000
Salaries and Wages Payable 27000
Interest Payable 12000
Income Taxes Payable 29000

$329000

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