Module
Listed below are selected accounts from ABC balance sheet as of December 31, 2022:
Accounts Receivable $2,700 Accounts Payable $975
Estimated Warranty Liability 360 Accumulated depreciation 600
Wages payable 1,050 Current maturities of long-term debt 375
Prepaid Rent 360 Interest payable 240
Unearned revenue 1,275 Discount on note payable, due 9/1/23 600
Note payable, due 9/1/23 1,800 Note payable, due 7/1/26 4,500
Allowance for doubtful accounts 390 Discount on note payable, due 7/1/26 300
Warranty Expense 270 Marketable Equity Securities 1,350
Determine ABC's current liabilities balance at 12/31/22.
Select one:
a. $6,675 x
b. $5,475
c. $5,465
d. $9,675
e. $5,385