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Like Home, Inc., includes the following selected accounts in its general ledger at December 31, 2018: (Click the icon to view the accounts.) Prepare the
Like Home, Inc., includes the following selected accounts in its general ledger at December 31, 2018: (Click the icon to view the accounts.) Prepare the liabilities section of Like Home, Inc.'s, balance sheet at December 31, 2018, to show how the company would report these items. Report total current liabilities and total liabilities. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Less: Liabilities Data table Bonds payable (excluding current portion) Equipment.. $ 375,000 118,000 Current portion of bonds payable 56,000 Notes payable, long-term 250,000 Interest payable (due March 1, 2019). 1,300 Accounts payable.. 38,000 Discount on bonds payable (all long-term) 11,250 Accounts receivable 28,000 Print Done
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