,Inc., includes the following selected accounts in its general ledger at December 31,2018: Data table Bonds payable (excluding current portion). . . . . .$450,000 Equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .116,000 Current portion of bonds payable. . . . . . . . . . . . .50,000 Notes payable, long-term. . . . . . . . . . . . . . . . . . . .350,000 Interest payable (due March 1, 2019). . . . . . . . . .1,200 Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . .43,000 Discount on bonds payable (all long-term). . . . . .13,500 Accounts receivable. . . . . . . . . . . . . . . . . . . . . . . .27,000 Prepare the liabilities section ofSuburban,Inc.'s, balance sheet at December 31,2018,to show how the company would report these items. Report total current liabilities and total liabilities. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Question content area bottomPart 1 Liabilities

Answered: , Inc., includes the following…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Inc., includes the following selected accounts in its general ledger at December 31,

2018:

Data table

	Bonds payable (excluding current portion). . . . . .	$450,000
	Equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	116,000
	Current portion of bonds payable. . . . . . . . . . . . .	50,000
	Notes payable, long-term. . . . . . . . . . . . . . . . . . . .	350,000
	Interest payable (due March 1, 2019). . . . . . . . . .	1,200
	Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . .	43,000
	Discount on bonds payable (all long-term). . . . . .	13,500
	Accounts receivable. . . . . . . . . . . . . . . . . . . . . . . .	27,000

Prepare the liabilities section of

Suburban,

Inc.'s, balance sheet at December 31,

2018,

to show how the company would report these items. Report total current liabilities and total liabilities. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.)

Question content area bottom

Part 1

	Liabilities

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