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Current Liabilities and Payroll

Current Liabilities and Payroll. Chapter 11. Objective 1. Account for current liabilities of known amount. Accounts Payable. Amounts owed for products or services purchased on account. Short-Term Notes Payable. Promissory notes payable due within one year Interest expense is recognized

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Payable 6 - PowerPoint PPT Presentation

Current Liabilities and Payroll