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The adjusted trial balance for Wildhorse Corporation at July 31, 2021, the corporation's fiscal year end, contained the following: Accounts payable Accounts receivable Bonds payable,
The adjusted trial balance for Wildhorse Corporation at July 31, 2021, the corporation's fiscal year end, contained the following: Accounts payable Accounts receivable Bonds payable, due 2025 Interest payable $ 104,500 122,000 223,500 5,500 Note payable Lease liability Note receivable, due December 2021 Unearned revenue $152,500 71,000 38,000 11,000 Of the lease liability amount, $17,750 is due within the next year. Total payments on the note payable in the fiscal year 2022 will be $29,500: $7,500 is for interest and $22,000 for principal repayments. (a) Prepare the non-current liabilities section of the balance sheet as at July 31, 2021. (Enter account name only and do not provide descriptive information.) WILDHORSE CORPORATION Balance Sheet (Partial) $ ta
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