Mill Co.'s trial balance included the following account balances at December 31, Year 6:
Accounts payable: $15,000
Bonds payable, due Year 7: $25,000
Discount on bonds payable, due Year 7: $3,000
Dividends payable 1/31/Year 7: $8,000
Notes payable, due Year 8: $20,000
What amounts should be included in the current liability section of Mill's December 31, Year 6, balance sheet?
A) $71,000
B) $51,000
C) $65,000
D) $45,000
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Home » Business » Mill Co.'s trial balance included the following account balances at December 31, Year 6: Accounts payable: $15,000 Bonds payable, due Year 7: $25,000 Discount on bonds payable, due Year 7: $3,000 Dividends payable 1/31/Year 7: $8,000 Notes payable,