Below is a list of various balance sheet accounts and their balances.
$$\begin{array} { | l | l | }
\hline \text { Loan payable - short term } & \$ 1500 \
\hline \text { Salaries payable } & 5000 \
\hline \text { Loan payable -long term } & 25,000 \
\hline \text { Accounts payable } & 3500 \
\hline \text { Unearned revenue } & 1000 \
\hline \text { Interest payable } & 2300 \
\hline
\end{array}$$
What are the total current liabilities shown on the balance sheet?
A) $5800
B) $13,300
C) $11,000
D) $11,800

Question

Below is a list of various balance sheet accounts and their balances.
$$\begin{array} { | l | l | } 
\hline \text { Loan payable - short term } & \$ 1500 \
\hline \text { Salaries payable } & 5000 \
\hline \text { Loan payable -long term } & 25,000 \
\hline \text { Accounts payable } & 3500 \
\hline \text { Unearned revenue } & 1000 \
\hline \text { Interest payable } & 2300 \
\hline
\end{array}$$
What are the total current liabilities shown on the balance sheet?
A) $5800
B) $13,300
C) $11,000
D) $11,800

Quizplus · Accepted Answer

Current liabilities include short-term obligations like loan payable - short term ($1500), salaries payable ($5000), accounts payable ($3500), unearned revenue ($1000), and interest payable ($2300). Adding these gives $13,300.

Below Is a List of Various Balance Sheet Accounts and Their