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Constable Co. reported the following information at December 31, Year 1:
Accounts Payable $4,540
Accounts Receivable 9,390
Cash 23,890
Common Stock 90,400
Equipment 49,900
Inventory 31,600
Notes Payable due December 31, Year 3 2,540
Retained Earnings, December 31, Year 1 14,130
Wages Payable 3,170
What is the amount of current liabilities on the classified balance sheet?

Respuesta :

ayokenny2001

Answer:

The amount of Current liabilities is $7,710

Explanation:

The amount of current liabilities on the classified balance sheet is seen below;

Constable Corp.

Balance sheet as at December 31, year 1.

Current liabilities

Accounts payable $4,540

Wages payable $3,170

Total $7,710