Selected liability items for Waugh Corporation at December 31, 2021, follow Prepare the liabilities section of Waugh s balance sheet Accounts payable Bonds payable, due 2032 Current portion of notes payable Current portion of lease liability 1,035,000 25,000 25,000 Income tax payable Notes payable ...

WAUGH CORPORATION Balance Sheet Partial December 31 2021 Cur ...

Selected liability items for Waugh Corporation at December 31, 2021, follow. Prepare the liabilities section of Waugh?s

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Selected liability items for Waugh Corporation at December 31, 2021, follow. Prepare the liabilities section of Waugh?s balance sheet.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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Selected liability items for Waugh Corporation at December 31, 2021, follow. Prepare the liabilities section of Waugh?s

Question:

Accounts payable Bonds payable, due 2032 Current portion of notes payable Current portion of lease liability 1,035,000 25,000 25,000 Income tax payable Notes payable (net of current portion) Interest payable Total lease liability 145,000 26,000 75,000

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