Question: LO 6 S9-14. (Learning Objective 6: Report liabilities) Regal, Inc., includes the following selected accounts in its general ledger at December 31, 2018: Bonds payable
LO 6 S9-14. (Learning Objective 6: Report liabilities) Regal, Inc., includes the following selected accounts in its general ledger at December 31, 2018: Bonds payable (excluding current portion)...... Equipment. Current portion of bonds payable ................. Notes payable, long-term. Interest payable (due March 1, 2019)... watch 1, 2019).................. Accounts payable. Discount on bonds payable (all long-term)............ Accounts receivable. $400,000 113,000 51,000 275,000 2,000 37,000 .................. 12,000 32,000 Prepare the liabilities section of Regal's balance sheet at December 31. 2018, to show company would report these items. Report total current liabilities and total liabi er 31, 2018, to show how the
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