Below is a list of various balance sheet accounts and their balances. What are the total current liabilities that would be shown on the balance sheet?

Question

Below is a list of various balance sheet accounts and their balances.  What are the total current liabilities that would be shown on the balance sheet?

Quizplus · Accepted Answer

The total current liabilities would be the sum of Accounts Payable ($7,000), Salaries Payable ($1,800), and Taxes Payable ($1,000), which equals $9,800. Therefore, choice C, $9,800, is the correct answer.

Below Is a List of Various Balance Sheet Accounts and Their