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Calculate the current liability of AB Company balance sheet

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Reference no: EM132276535

Question - AB Company has the following selected accounts after posting adjusting entries:

Accounts Payable 62, 000

Notes Payable 3 months 40, 000

Accumulated Depreciation-Equipment 14, 000

Notes Payable. 5-year, 6% 80, 000

Payroll Tax Expense 4, 000

Interest Payable 3, 000

Mortgage Payable 120, 000

Instructions - Calculate the current liability of AB Company's balance sheet, assuming P16.000 of the mortgage is payable next year.

Reference no: EM132276535

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