The accounts and balances shown below were gathered from Paynter Corporation's trial balance on December 31, 2011. All adjusting entries have been made.

See information for Paynter Corporation above. The amount that should be reported as current liabilities on Paynter Corporation's balance sheet is
A) $87,200.
B) $91,800.
C) $73,200.
D) $238,800.

Question

The accounts and balances shown below were gathered from Paynter Corporation's trial balance on December 31, 2011. All adjusting entries have been made.

See information for Paynter Corporation above. The amount that should be reported as current liabilities on Paynter Corporation's balance sheet is
A) $87,200. 
B) $91,800. 
C) $73,200. 
D) $238,800.

Quizplus · Accepted Answer

The Answer of The accounts and balances shown below were gathered from Paynter Corporation's trial balance on December 31, 2011. All adjusting entries have been made.

See information for Paynter Corporation above. The amount that should be reported as current liabilities on Paynter Corporation's balance sheet is
A) $87,200. 
B) $91,800. 
C) $73,200. 
D) $238,800.

The Accounts and Balances Shown Below Were Gathered from Paynter