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LuxeLuxe​, ​Inc., includes the following selected accounts inits general ledger at December​ 31, 2016​:

Bonds payable (excluding current portion) . . . . . .$250,000

Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 117,000

Current portion of bonds payable . . . . . . . . . . . . .51,000

Notes payable, long-term . . . . . . . . . . . . . . . . . . . .325,000

Interest payable (due March 1, 2017) . . . . . . . . . .1,000

Accounts payable . . . . . . . . . . . . . . . . . . . . . . . .. . 38,000

Discount on bonds payable (all long-term) . . . . . . 7,500

Accounts receivable . . . . . . . . . . . . . . . . . . . . . .. . 28,000

Prepare the liabilities section of LuxeLuxe​, ​Inc.'s, balancesheet at December​ 31, 2016​, to show how the company would reportthese items. Report total current liabilities and totalliabilities. ​(If a box is not used in the table leave the box​empty; do not select a label or enter a​ zero.)

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Deanna Hettinger
Deanna HettingerLv2
28 Sep 2019

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