Question
At December 31, MediDocMediDoc Precision Instruments owes $ 58 comma 000$58,000 on Accounts Payable, Salaries Payable of $ 18 comma 000$18,000, and Income Tax Payable
At December 31,
MediDocMediDoc
Precision Instruments owes
$ 58 comma 000$58,000
on Accounts Payable, Salaries Payable of
$ 18 comma 000$18,000,
and Income Tax Payable of
$ 9 comma 000$9,000.
MediDocMediDoc
also has
$ 270 comma 000$270,000
of Bonds Payable that were issued at face value that require payment of a
$ 40 comma 000$40,000
installment next year and the remainder in later years. The bonds payable require an annual interest payment of
$ 8 comma 000$8,000,
and
MediDocMediDoc
still owes this interest for the current year. Report
MediDocMediDoc's
liabilities on its classified balance sheet on December 31,
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