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Prepare the current liabilities section in balance sheet

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Reference no: EM131793636

Current Liabilities Section

Patterson Inc. had the following accounts and balances on December 31, 2016:

Income Taxes Payable

$62,550

 

Notes Payable, 10%, due June 2, 2017

$ 1,000

Allowance for Doubtful Accounts

17,800

 

Accounts Receivable

67,500

Accounts Payable

24,600

 

Discount on Notes Payable

150

Interest Receivable

5,000

 

Current Maturities of Long-Term Debt

6,900

Unearned Revenue

4,320

 

Interest Payable

3,010

Wages Payable

6,000

 

 

 

Required:

Prepare the Current Liabilities section of Patterson Inc.'s balance sheet as of December 31, 2016.

Reference no: EM131793636

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