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calendar quarter of 20y6. The federal tax rate is 40%. A quarterty tax payment will...

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Accounting

calendar quarter of 20y6. The federal tax rate is 40%. A quarterty tax payment will be made on Aprit 12,20Yo.
Prepare the "Current liablities" section of the balance sheet for Bon Nebo Co. on March 31,20 r6.
Bon Nebo Co.
Current Liabilities Section of Balance Sheet
March 31,20Y6
Current liabilities:
Advances on magazine subscriptions $
Federal income taxes payable.
Total current llabilities
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