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Selected accounts from WooHoo Companys adjusted trial balance for the year ended December 31 follow. Notes payable (due in 5 years) $ 7,000 Discount on
Selected accounts from WooHoo Companys adjusted trial balance for the year ended December 31 follow.
Notes payable (due in 5 years) | $ 7,000 | Discount on bonds payable | $ 2,400 |
Accounts payable | 2,500 | Wages payable | 1,200 |
Bonds payable (due in 10 years) | 14,000 | Interest payable (due in 2 weeks) | 600 |
Machinery | 8,500 | Sales tax payable | 550 |
Prepare the liabilities section of its classified balance sheet.
Note: Amounts to be deducted should be indicated with a minus sign.
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