Nunn Industries had the following items on its December 31,20X3,balance sheet:
$$\begin{array} { l l }
\text { Cashand cash equivalents } & \$ 56,230 \
\text { Accounts payable } & 96,640 \
\text { Inventories } & 60,790 \
\text { Additional paid-in capital } & 51,690 \
\text { Accrued liabilities and expenses } & 94,100 \
\text { layments due within 1 year on long-term debt } & 35,380 \
\text { short-term debt } & 39,030 \
\text { Long-term debt } & 97,290
\end{array}$$ Required:
Prepare the current liabilities section of Nunn Industries' balance sheet.

Question

Nunn Industries had the following items on its December 31,20X3,balance sheet:
 $$\begin{array} { l l } 
\text { Cashand cash equivalents } & \$ 56,230 \
\text { Accounts payable } & 96,640 \
\text { Inventories } & 60,790 \
\text { Additional paid-in capital } & 51,690 \
\text { Accrued liabilities and expenses } & 94,100 \
\text { layments due within 1 year on long-term debt } & 35,380 \
\text { short-term debt } & 39,030 \
\text { Long-term debt } & 97,290
\end{array}$$ Required:
Prepare the current liabilities section of Nunn Industries' balance sheet.

Quizplus · Accepted Answer

The Answer of Nunn Industries had the following items on its December 31,20X3,balance sheet:
 $$\begin{array} { l l } 
\text { Cashand cash equivalents } & \$ 56,230 \
\text { Accounts payable } & 96,640 \
\text { Inventories } & 60,790 \
\text { Additional paid-in capital } & 51,690 \
\text { Accrued liabilities and expenses } & 94,100 \
\text { layments due within 1 year on long-term debt } & 35,380 \
\text { short-term debt } & 39,030 \
\text { Long-term debt } & 97,290
\end{array}$$ Required:
Prepare the current liabilities section of Nunn Industries' balance sheet.

Nunn Industries Had the Following Items on Its December 31,20X3,balance