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The Following Are All of the Accounts with Credit Balances

Question 182

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The following are all of the accounts with credit balances from Kupidy Company's adjusted trial balance at December 31, 2021: The following are all of the accounts with credit balances from Kupidy Company's adjusted trial balance at December 31, 2021: Other information: The mortgage is due in monthly principal payments of $ 1,000 plus interest. The note payable is a six-month, 10% note, interest due at maturity. Instructions Prepare the current liabilities section of Kupidy's December 31, 2021, balance sheet. Other information:
The mortgage is due in monthly principal payments of $ 1,000 plus interest.
The note payable is a six-month, 10% note, interest due at maturity.
Instructions
Prepare the current liabilities section of Kupidy's December 31, 2021, balance sheet.

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