Luxury Suites Hotels includes the following selected accounts in its general ledger at December 31, 2012:

Requirement
1. Prepare the liabilities section of Luxury Suites' balance sheet at December 31,
2012. Report a total for currentliabilities.

Transcribed Image Text:

Note payable, long-term Bonds payable Interest payable (due next year) Estimated warranty payable $ 34,000 9,750 2,800 800 325,000 Discount on bonds payable 1,200 Salary payable 1,800 Sales tax payable