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PLEASE SOLVE Royal Suites Hotels includes the following selected accounts in its general ledger at December 31, 2025: View the accounts. Prepare the liabilities section
PLEASE SOLVE
Royal Suites Hotels includes the following selected accounts in its general ledger at December 31, 2025: View the accounts. Prepare the liabilities section of Royal Suites Hotels' balance sheet at December 31, 2025. Royal Suites Hotels Balance Sheet (Partial) December 31, 2025 Less: Total LiabilitiesX Accounts Note Payable (long-term) $ 225,000 Accounts Payable 40,000 Bonds Payable (due 2029) 275,000 Discount on Bonds Payable 8,250 Interest Payable (due next year) 1,300 Salaries Payable 3,300 Estimated Warranty Payable 1,700 Sales Tax Payable 800Step by Step Solution
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