Refer to the following list of liability balances at December 31, 2018. Accounts Payable $ 18,000 Employee Health Insurance Payable 1,350 Employee Income Tax Payable 1,100 Estimated Warranty Payable (Due 2019) 900 Long-Term Notes Payable (Due 2022) 40,000 FICAlong dashOASDI Taxes Payable 560 Sales Tax Payable 870 Mortgage Payable (Due 2023) 14,000 Bonds Payable (Due 2024) 63,000 Current Portion of Long-Term Notes Payable 6,500 What is the total amount of current liabilities?

Question

Carl Dean

Business

26 February, 01:28

Refer to the following list of liability balances at December 31, 2018. Accounts Payable $ 18,000 Employee Health Insurance Payable 1,350 Employee Income Tax Payable 1,100 Estimated Warranty Payable (Due 2019) 900 Long-Term Notes Payable (Due 2022) 40,000 FICAlong dashOASDI Taxes Payable 560 Sales Tax Payable 870 Mortgage Payable (Due 2023) 14,000 Bonds Payable (Due 2024) 63,000 Current Portion of Long-Term Notes Payable 6,500 What is the total amount of current liabilities?

+5

Answers (1)

Know the Answer?

Anabella Jackson · Answer 1

Total current Liabilities $29,280

Explanation:

Accounts Payable $18,000

Employee Health Insurance Payable $1,350

Employee Income Tax Payable $1,100

Estimated Warranty Payable $900

FICA&OASDI Taxes Payable $560

Sales Tax Payable $870

Current Portion of

Long-Term Notes Payable $6,500

Total current Liabilities $29,280

Remember:

current liabilities will be obligation to pay or do that will be settle within a year.