Question

Item4 eBookPrintReferencesCheck my workCheck My Work button is now disabledItem 4 Lanson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts payable $25,200 Bonds payable, due 2030 24,600 Salaries payable 16,400 Notes payable, due 2022 21,100 Notes payable, due 2026 40,300 What amount should be included in the current liabilities section of Lanson's December 31, 2021, balance sheet

Answer 1

Answer:

$41,600

Explanation:

Calculation for What amount should be included in the current liabilities section of Lanson's December 31, 2021, balance sheet

Accounts payable $25,200

Add Salaries payable $16,400

December 31, 2021, balance sheet current liabilities $41,600

($25,200+$16,400)

Therefore the amount that should be included in the current liabilities section of Lanson's December 31, 2021, balance sheet will be $41,600