9. Current Liabilities

ABC Company is preparing the liabilities section of its December 31, 2018 balance sheet. Selected information includes \$20,000 in accounts payable, \$100,000 in bonds payable, \$80,000 of short-term debt, \$10,000 in wages payable, \$10,000 in prepaid rent expense, and \$20,000 of unearned revenue. Furthermore, on January 1, 2018, ABC Company signed a \$60,000, 10% note payable with interest payable annually on December 31. The principal of the note payable is repaid in \$10,000 annual installments on January 1 of each year. The total of ABC's current liabilities is: