Presented here are long term liability items for Evenson Inc at December 31, 2014 Prepare the long term liabilities section of the balance sheet for Evenson Inc Bonds payable (due 2018) $700,000 Notes payable (due 2016) 80,000 Discount on bonds payable 28,000 ...

Longterm liabilities Bonds pay ...

Presented here are long-term liability items for Evenson Inc. at December 31, 2014. Prepare the long-term liabilities

Question:

Presented here are long-term liability items for Evenson Inc. at December 31, 2014. Prepare the long-term liabilities section of the for Evenson Inc.
Bonds payable (due 2018)....... $700,000
Notes payable (due 2016)........ 80,000
Discount on bonds payable........ 28,000

Balance Sheet
Balance 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...