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Deluxe Industries Inc. has the following selected accounts at December 31, 2020: (Click the icon to view the accounts.) Prepare the liabilities section of Deluxe's
Deluxe Industries Inc. has the following selected accounts at December 31, 2020: (Click the icon to view the accounts.) Prepare the liabilities section of Deluxe's balance sheet at December 31, 2020, to show how Deluxe would report these items Report total current liabilities and total liabilities Begin by calculating the total current liabilities section. Then report the rest of the liabilities that are included and total the liabilities. Liabilities Current liabilities Total current liabilities Accounts GST payable (net of ITC) 20,000 Bonds payable... 450,000 118,000 Equipment. Current portion of bonds payable Notes payable, long-term 38,000 75,000 Interest payable (due March 1, 2021) 10,200 Accounts payable 40.000 Discount on bonds payable (all long-term) 17.000 33.000 Accounts receivable Print Done
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