Question: Selected liability items for Waugh Corporation at December 31, 2017, 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, 2017, follow. Prepare the liabilities section of Waugh's balance sheet.

Accounts payable Bonds payable, due 2028 Current portion of notes payable Current portion of lease liability s 8,000 145,000 26,000 75,000 S 48,000 Income tax payable Notes payable (net of current portion) 1,035,000 25,000 25,000 Itrest payable Total lease liability

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