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(0) Your answer is partially correct. Try again. What amounts would be reported as current and non-current in the liabilities section of Wildhorse's December 31,
(0) Your answer is partially correct. Try again. What amounts would be reported as current and non-current in the liabilities section of Wildhorse's December 31, 2017, balance sheet? WILDHORSE SATELLITES Balance Sheet (Partial) December 31, 2017 Current Liabilities Interest Payable 49500 Non-Current Liabilities Bonds Payable Question 1 On January 1, 2017, Wildhorse Satellites issued $1,650,000, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Wildhorse has a December 31 year end. A partial bond amortization schedule is presented below: Semi-Annual Interest Period Interest Payment Interest Expense Bond Amortized Cost Amortization Jan. 1, 2017 July 1, 2017 Jan. 1, 2018 July 1, 2018 Jan. 1, 2019 July 1, 2019 Jan. 1, 2020 $1,532,749 1,536,895 1,541,186 1,545,628 $ [1] 49,500 49,500 49,500 49,500 49,500 $ [2] 53,791 53,942 54,097 54,258 54,424 $4,146 4,291 [3] [4] 4,758 4,924 [5] 1,554,983 1,559,907
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