Current Liabilities By the Month Inc. sold 15,000 annual magazine subscriptions for $42 during December...
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Accounting
Current Liabilities
By the Month Inc. sold 15,000 annual magazine subscriptions for $42 during December 20Y4. These new subscribers will receive monthly issues, beginning in January 20Y5. By the Month Inc. issued a $99,000, 180day, 5% note payable on December 1, 20Y4. On March 31, 20Y5, By the Month Inc. had accounts payable of $22,200 and accrued wages payable of $6,600.
Prepare the Current Liabilities section of the balance sheet for By the Month Inc. on March 31, 20Y5.
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