Homework Answers
Current Liabilities:
1.Current portion of bonds payable $54000
2.Interest payable $1700
3.Accounts payable $41000
Total Current Liabilities $96700
Non-current Liabilities:
1.Bonds Payable $375000
2.Notes Payable $100000
3.Discount on Bonds Payable $11250
Total Non-current Liabilities $486250
Total Liabilities( $96700+$486250) = $582950
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