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

question 92

Essay

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


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