Howell Company has the following selected accounts after posting adjusting entries: Instructions
(a) Prepare the current liability section of Howell Company's statement of financial position, assuming €25,000 of the mortgage is payable next year. (List liabilities in magnitude order, with largest first.)
(b) Comment on Howel's liquidity, assuming total current assets are €500,000.

Question

Howell Company has the following selected accounts after posting adjusting entries:  Instructions
(a) Prepare the current liability section of Howell Company's statement of financial position, assuming €25,000 of the mortgage is payable next year. (List liabilities in magnitude order, with largest first.)
(b) Comment on Howel's liquidity, assuming total current assets are €500,000.

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The Answer of Howell Company has the following selected accounts after posting adjusting entries:  Instructions
(a) Prepare the current liability section of Howell Company's statement of financial position, assuming €25,000 of the mortgage is payable next year. (List liabilities in magnitude order, with largest first.)
(b) Comment on Howel's liquidity, assuming total current assets are €500,000.

Howell Company Has the Following Selected Accounts After Posting Adjusting