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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) $ 4,000 Discount
Selected accounts from WooHoo Co.'s adjusted trial balance for the year ended December 31 follow. Notes payable (due in 5 years) $ 4,000 Discount on bonds payable $ 900 Accounts payable 1,000 Wages payable 450 Bonds payable (due in 10 years) 11,000 Machinery 5,500 Interest payable (due in 2 weeks) Sales tax payable 225 175 Prepare the liabilities section of its classified balance sheet. (Negative amount(s) should be Indicated by a minus sign.) Current liabilities WOOHOO CO. Liabilities Section of Balance Sheet Total current liabilities Long-term liabilities Total long-term liabilities Total liabilities December 31 Liabilities
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