Question: Selected liability items for Waugh Corporation at December 31, 2014, follow. Prepare the liabilities section of Waugh's balance sheet. Accounts payable Bonds payable, due 2028

Selected liability items for Waugh Corporation at December 31, 2014, follow. Prepare the liabilities section of Waugh's balance sheet.

Accounts payable Bonds payable, due 2028 $ 48,000 Income tax payable Notes payable, (net of current portion) Interest payable $ 8,000 Current portion of notes payable Current portion of lease liability 035,000 25,000 25,000 145,000 26,000 75,000 asiabiliiy

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