Question
At December 31, 2020, Waterway Corporation has the following account balances: Bonds payable, due January 1, 2029 $1,500,000 Discount on bonds payable 84,000 Interest payable
At December 31, 2020, Waterway Corporation has the following account balances:
Bonds payable, due January 1, 2029 | $1,500,000 | |
Discount on bonds payable | 84,000 | |
Interest payable | 75,000 |
Show how the above accounts should be presented on the December 31, 2020, balance sheet, including the proper classifications. (Enter account name only and do not provide descriptive information.)
Waterway Corporation Balance Sheet (Partial) choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020 | |||
---|---|---|---|
select a balance sheet section Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | |||
enter a balance sheet item | $enter a dollar amount | ||
select a balance sheet section Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | |||
enter a balance sheet item | $enter a dollar amount | ||
select between addition and deduction AddLess: enter a balance sheet item | enter a dollar amount | ||
$enter a total of the two previous amounts |
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