Question - Like Home Inc. includes the following selected accounts in its general ledger Dec 31. 2012.

Prepare the liabilities section of life Inc balance sheet of Dec 31, 2012 to show how the company report these items, report current liabilities and total liabilities.

Data Table:

Bonds payable $ 200,000

Equipment 118,000

Current portion of bonds payable 51,000

Notes payable, long-term 125,000

Interest payable (due March 1, 2013) 1,400

Accounts payable 33,000

Discount on bonds payable (all long-term) 6,000

Accounts receivable 31,000