HMR Associates Inc includes the following selected

accounts in its #8388

HMR Associates Inc includes the following selected accounts in its

HMR Associates Inc. includes the following selected accounts in its general ledger at December
31, 2017:

Bonds Payable....................................................................... $1,020,000

Current Obligation under Capital Lease ............................ $ 12,000

Equipment under Capital Lease ....................................... 350,000

Accounts Payable ............................................................ 57,000

Interest Payable (due March 1, 2018) ............................... 31,000

Long-term Capital Lease Liability .................................. 136,000

Current Portion of Bonds Payable...................................... 162,000

Discount on Bonds Payable (all long term) ....................... 18,000

Notes Payable, Long-term ................................................. 200,000

Required

Prepare the liabilities section of HMR Associates Inc.'s balance sheet at December 31, 2017, to
show how the company would report these items. Report a total for both current and long-term
liabilities.

HMR Associates Inc includes the following selected accounts in its

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