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es Selected accounts from WooHoo Company's adjusted trial balance for the year ended December 31 follow. Notes payable (due in 5 years) Discount on bonds
es Selected accounts from WooHoo Company's adjusted trial balance for the year ended December 31 follow. Notes payable (due in 5 years) Discount on bonds payable Wages payable Accounts payable Bonds payable (due in 10 years) Machinery WOOHOO COMPANY Liabilities Section of Balance Sheet December 31 Liabilities Prepare the liabilities section of its classified balance sheet. Note: Amounts to be deducted should be indicated with a minus sign. Current liabilities Accounts payable Wages payable Interest payable Sales tax payable Total current liabilities Long-term liabilities Bonds payable Notes payable Total long-term liabilities Total liabilities $ 3,000 500 10,000 4,500 $ (400) 10,000 $ Interest payable (due in 2 weeks) Sales tax payable $ 500 200 100 50 850 9,600 3,000 12,600 13,450 $ 400 200 100 50
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