Question: Brief Exercise 10-13 Presented here are liability items for Metlock, Inc. at December 31, 2017. Accounts payable Notes payable (due May 1, 2018) Bonds payable

Brief Exercise 10-13 Presented here are liability items for Metlock, Inc. at December 31, 2017. Accounts payable Notes payable (due May 1, 2018)

Brief Exercise 10-13 Presented here are liability items for Metlock, Inc. at December 31, 2017. Accounts payable Notes payable (due May 1, 2018) Bonds payable (due 2021) Unearned rent revenue Discount on bonds payable $274,750 35,000 1,575,000 420,000 71,750 FICA taxes payable Interest payable Notes payable (due 2019) Income taxes payable Sales taxes payable $13,650 70,000 140,000 6,125 2,975 Prepare the liabilities section of Metlock's balance sheet

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