At December 31, 2019, Hyasaki Corporation has the following account balances: Bonds payable, due January 1, 2027......................$1,912,000

Question:

At December 31, 2019, Hyasaki has the following account balances:
Bonds payable, due January 1, 2027......................$1,912,000
Interest payable...................................................80,000
Show how the above accounts should be presented on the December 31, 2019, statement of financial position, including 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...