Question: Exercise 10-14 Reporting liabilities section of balance sheet LO P2, C1 Selected accounts from WooHoo Co.'s adjusted trial balance for the year ended December 31
Exercise 10-14 Reporting liabilities section of balance sheet LO P2, C1 Selected accounts from WooHoo Co.'s adjusted trial balance for the year ended December 31 follow. Notes payable (due in 5 years) Accounts payable Bonds payable (due in 10 years) Machinery $ 4,200 1,100 11,200 5,700 Discount on bonds payable Wages payable Interest payable (due in 2 weeks) Sales tax payable $1,800 500 25e 200 Prepare the liabilities section of its classified balance sheet. (Negative amount(s) should be indicated by a minus sign.) WOOHOO CO. Liabilities Section of Balance Sheet December 31 Liabilities Current liabilities Total current liabilities Long term abilities
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