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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
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 $ 4,400 Discount on bonds payable 1,200 Wages payable 11,400 5,900 Interest payable (due in 2 weeks) Sales tax payable $ 1,100 550 275 225 Prepare the liabilities section of its classified balance sheet. (Amounts to be deducted should be indicated with a minus sign.) WOOHOO COMPANY Liabilities Section of Balance Sheet Current liabilities Notes payable Wages payable Interest payable Sales tax payable Total current liabilities Long-term liabilities Bonds payable Total long-term liabilities Total liabilities December 31 Liabilities $ 4,000 550 275 225 5,050 $ 11,400 11,400 11,400 $ 16,450
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