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telo118 [61]
4 years ago
13

Presented below are long-term liability items for Lind Company at December 31, 2019.Bonds payable, due 2017 ………….. $600,000Notes

payable, due 2020 ………….. 80,000Discount on bonds payable ……….. 45,000Prepare the long-term liabilities section of the balance sheet for Lind Company.
Business
1 answer:
Nikitich [7]4 years ago
8 0

Answer and Explanation:

Long-term Liabilities  

Bonds Payable                       $600,000  

Less:  

Discount on bonds payable        $45,000          $555,000

Notes payable                                           $80,000

Total Long-term Liabilities                           $635,000

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