Question
Suburan INc, includes the following selected accounts in its general ledger at December 31, 2014 Prepare the liabilities section of Suburban INc's balance sheet at
Suburan INc, includes the following selected accounts in its general ledger at December 31, 2014
Prepare the liabilities section of Suburban INc's balance sheet at December 31, 2014, to show how the company would report these items. Report total current liabilies and total liabilities.
Bond Payable (Excluding current portion) $200,000
Equipment $116,000
Current portion of bond payable $55,000
Note payable, long-term $225,000
Interest payable (Due March 31, 2013) $1,600
Accounts payable $ 35,000
Discount on bond payable (all long-term) $6,000
Acounts Receivable $33,000
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