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Fast Company has the following selected accounts after posting adjusting entries: Instructions (a) Prepare the...

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Accounting

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Fast Company has the following selected accounts after posting adjusting entries: Instructions (a) Prepare the current liability section of Fast Company's balance sheet, assuming RM25,000 of the mortgage is payable next year. (List liabilities in magnitude order, with largest first.) (b) Comment on Fast's liquidity, assuming total current assets are RM450,000

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