Presented below are long-term liability items for Suarez Company at December 31, 2014. Prepare the long-term liabilities
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Presented below are long-term liability items for Suarez Company at December 31, 2014. Prepare the long-term liabilities section of the balance sheet for Suarez Company.
Bonds payable, due 2016 .........$500,000
Lease liability ................................. 60,000
Notes payable, due 2019 ............. 80,000
Discount on bonds payable ........ 42,000
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Longterm liabilities Bonds payable due 201...View the full answer
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Related Book For 
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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