At December 31, 2014, Hyasaki Corporation has the following account balances: Bonds Payable-Due January 1, 2022 (face

Question:

At December 31, 2014, Hyasaki has the following account balances:
Bonds Payable-Due January 1, 2022 (face value, $2,000,000) .................... $1,912,000
Bond Interest Payable .......................................................................... 80,000
Show how the above accounts should be presented on the December 31, 2014 statement of financial position, and with the proper classifications?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...