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Like Home Inc. includes the following selected accounts in its general ledger Dec 31. 2012. 1. Prepare the liabilities section of life Inc balance sheet
Like Home Inc. includes the following selected accounts in its general ledger Dec 31. 2012. 1. Prepare the liabilities section of life Inc balance sheet of Dec 31, 2012 to show how the company report these items, report current liabilities and total liabilities. Data Table: Bonds payable $ 200,000 Equipment 118,000 Current portion of bonds payable 51,000 Notes payable, long-term 125,000 Interest payable (due March 1, 2013) 1,400 Accounts payable 33,000 Discount on bonds payable (all long-term) 6,000 Accounts receivable 31,000
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