Current Liabilities Bon Nebo Co. sold 25,000 annual subscriptions of Magazine 20xx for $$85$ during December 20Y8. These new subseribers will recelve monthly issues, beginning in January 20Y9. In addition, the business had taxable income of $$840, 000$ during the first calendar quarter of 20r9. The federal tax rate is $40%$ . A quarterly tax payment will be made on April 12, 20 Y9. Prepare the Current Liabilities section of the balance sheet for Bon Nebo CO. on March 31, $20 rg$ . Bon Nebo co. Current Liabilities Section of Balance Sheet

Question

Current Liabilities Bon Nebo Co. sold 25,000 annual subscriptions of Magazine 20xx for

$85

during December 20Y8. These new subseribers will recelve monthly issues, beginning in January 20Y9. In addition, the business had taxable income of

$840, 000

during the first calendar quarter of 20r9. The federal tax rate is

40%

. A quarterly tax payment will be made on April 12, 20 Y9. Prepare the Current Liabilities section of the balance sheet for Bon Nebo CO. on March 31,

20 rg

. Bon Nebo co. Current Liabilities Section of Balance Sheet

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