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Business, 15.04.2020 19:49 puzzledprincess8037

An entity had the following account balances at year end.

Sales $452,000
Cash 23,400
Accounts payable 14,300
Rent expense 3,700
Accounts receivable 9,400
Cost of goods sold 214,000
Land 104,000
Unearned revenue 6,800
Gain on sale 17,500
Equipment 28,800
Inventories 2,200
Notes payable 67,000

What is the amount of total current liabilities reported on the balance sheet? Group of answer choices

a. $89,100
b. $42,300
c. $21,100
d. $24,800

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Answers: 1

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An entity had the following account balances at year end.

Sales $452,000
Cash 23...
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