Reference no: EM133026345
Question - The adjusted trial balance for Lifesaver Corp. at the end of the current year, 2010, contained the following accounts.
5-year Bonds Payable 8% P 1,600,000
Bond Interest Payable 50,000
Notes Payable (3 mo.) 40,000
Notes Payable (5 yr.) 165,000
Mortgage Payable (P15,000 due currently) 200,000
Salaries Payable 18,000
Taxes Payable (due 3/15 of 2011) 25,000
Required - Determine the total non-current liabilities and current liabilities.