Please refer to the following list of liability balances. $\begin{array}{|l|r|}
\hline \text { Accounts payable } & \$ 12,000 \
\hline \text { Employee benefits payable } & 360 \
\hline \text { Employee income tax payable } & 190 \
\hline \text { Interest payable } & 1,300 \
\hline \text { Estimated warranty payable } & 2,600 \
\hline \text { Long-term notes payable } & 32,000 \
\hline \text { FICA tax payable } & 590 \
\hline \text { Sales tax payable } & 370 \
\hline \text { Long-term notes payable } & 4,000 \
\hline \text { Bond payable } & 50,000 \
\hline \text { Current portion of long-term notes payable } & 2,000 \
\hline
\end{array}$
- What is the total amount of current liabilities?
A) $19,410
B) $68,270
C) $18,270
D) $105,410

Question

Quizplus · Accepted Answer

Current liabilities include accounts payable, employee benefits payable, employee income tax payable, interest payable, estimated warranty payable, FICA tax payable, sales tax payable, and the current portion of long-term notes payable. Adding these amounts gives $12,000 + $360 + $190 + $1,300 + $2,600 + $590 + $370 + $2,000 = $19,410.

Please Refer to the Following List of Liability Balances - What Is the Total Amount of Current Liabilities? A)

Please Refer to the Following List of Liability Balances - What Is the Total Amount of Current Liabilities?
A)