Wildflower Magazine, Inc., includes the following selected accounts in its general ledger at December 31, 2018:

Requirement

Prepare the liabilities section of Wildflower Magazine?s balance sheet at December 31, 2018, to show how the company would report these items. Report a total for current liabilities.

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Mortgage Notes Payable (due in 15 years). Lease Payable, Long-Term.. Bonds Payable (due in 10 years).... Interest Payable (due next year).... Accounts Payable. . Discount on Bonds Payable .. $180,000 32,000 420,000 1,350 $42,500 14,000 ....