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Exercise 10-15 (Algo) Reporting liabilities section of balance sheet LO P2, C1 Selected accounts from WooHoo Company's adjusted trial balance for the year ended
Exercise 10-15 (Algo) Reporting liabilities section of balance sheet LO P2, C1 Selected accounts from WooHoo Company's adjusted trial balance for the year ended December 31 follow. Notes payable (due in 5 years) Accounts payable Bonds payable (due in 10 years) Machinery $6,000 Discount on bonds payable $ 1,900 2,000 13,000 Wages payable 950 7,500 Interest payable (due in 2 weeks) Sales tax payable 475 425 Prepare the liabilities section of its classified balance sheet. Note: Amounts to be deducted should be indicated with a minus sign. WOOHOO COMPANY Liabilities Section of Balance Sheet December 31 Liabilities Current liabilities Total current liabilities i Long-term liabilities. 0
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