The Balances of Select Accounts of Janet,Inc The Unearned Revenue Is the Amount of Cash Received for Are

question 56

Multiple Choice

The balances of select accounts of Janet,Inc.as of December 31,2016 are given below: $$\begin{array} { | l | r | } \hline \text { Notes Payable-short-term } & \$ 1,200 \\\hline \text { Salaries Payable } & 6,000 \\\hline \text { Notes Payable-long-term } & 22,000 \\\hline \text { Accounts Payable } & 3,200 \\\hline \text { Unearned Revenue } & 1,000 \\\hline \text { Interest Payable } & 2,200 \\\hline\end{array}$$ The Unearned Revenue is the amount of cash received for services to be rendered in January,2017.The Interest Payable is due on February 15,2017.What are the total current liabilities shown on the balance sheet?

• A)$5,400
• B)$11,400
• C)$13,600
• D)$12,400

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Definitions:

Sampling Frame

A collection or record used as the source for selecting a statistical sample for research or analysis.

Provincial Election

A democratic process in which residents of a province vote to elect representatives to the provincial legislature or government.

Eligible Voters

Individuals who meet the legal requirements to vote in a particular election or referendum, typically based on citizenship, residency, and age.

Voluntary Response Bias

The bias in results that occur when participants in research self-select to participate, potentially leading to non-representative samples.