Presented here are long term liability Items for Stevens Inc at December 31, 2017 Prepare the long term liabilities section of the balance sheet for Stevens Inc Bonds payable (due 2021) $700,000 Notes payable (due 2019) 80,000 Discount on bonds payable 28,000 ...

Longterm liabilities Bonds payabl ...

Presented here are long-term liability Items for Stevens Inc. at December 31, 2017. Prepare the long-term liabilities

Question:

Presented here are long-term liability Items for Stevens Inc. at December 31, 2017. Prepare the long-term liabilities section of the for Stevens Inc.
Bonds payable (due 2021) ............................ $700,000
Notes payable (due 2019) ............................ 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...