Question

The liabilities of Weist Co. are listed.
• Accounts Payable, $586,000
• Accrued Expenses, $178,000
• Bonds Payable (due in six years), $800,000
• Income Taxes Payable, $132,000
• Notes Payable: $78,000 is due within 12 months; $80,000 is due $10,000 per year for the next eight years.
• Salaries Payable, $195,000
• Accrued Vacation Pay, $208,000
• Employee Federal Income Tax Withholdings, $42,000
Required:
Prepare the liabilities section of the balance sheet for Weist Co.


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  • CreatedMarch 27, 2015
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