Selected accounts from WooHoo Company's adjusted trial balance for the year ended December 31 follow. Notes...
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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 (due in 10 years) Machinery $ 6,600 Discount on bonds payable 2,300 Wages payable 13,600 8,100 Interest payable (due in 2 weeks) Sales tax payable $ 2,200 1,100 550 500 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 December 31 Liabilities Current liabilities Total current liabilities Long-term liabilities 0 0 Total long-term liabilities 0 Total liabilities $ 0 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 $ 6,600 Discount on bonds payable 2,300 Wages payable 13,600 8,100 Interest payable (due in 2 weeks) Sales tax payable $ 2,200 1,100 550 500 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 December 31 Liabilities Current liabilities Total current liabilities Long-term liabilities 0 0 Total long-term liabilities 0 Total liabilities $ 0
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