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Prepare the liabilities section of its classified balance sheet. (Negative amount(s) should be indicated by a minus sign.) Liabilities: Accounts payable Bonds payable Discount on

Prepare the liabilities section of its classified balance sheet. (Negative amount(s) should be indicated by a minus sign.)

Liabilities:

  • Accounts payable
  • Bonds payable
  • Discount on bonds payable
  • Interest payable
  • Notes payable
  • Sales tax payable
  • Wages payable

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Selected accounts from WooHoo Co.'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 $ 4,400 1,200 11,400 5,900 Discount on bonds payable Wages payable Interest payable (due in 2 weeks) Sales tax payable $1,100 550 275 225 Prepare the liabilities section of its classified balance sheet. (Negative amount(s) should be indicated by a minus sign.) WOOHOO CO. Liabilities Section of Balance Sheet December 31 Liabilities Current liabilities Total current liabilities 0 Long-term liabilities 0 0 Total long-term liabilities Total liabilities S 0

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