Presented here are liability items for Azarian Inc. at December 31, 2012. Prepare the liabilities section of Azarian”s balance sheet.
|
Accounts payable |
$157,000 |
FICA taxes payable |
$ 7,800 |
|
Notes payable |
20,000 |
||
|
(due May 1, 2013) |
Interest payable |
40,000 |
|
|
Bonds payable (due 2016) |
900,000 |
Notes payable (due 2014) |
80,000 |
|
Unearned |
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|
sales revenue |
240,000 |
Income taxes payable |
3,500 |
|
Discount on bonds payable |
41,000 |
Sales taxes payable |
1,700 |