Indicate how each of the follow ing items should be classified in a balance sheet on December
Question:
Indicate how each of the follow ing items should be classified in a balance sheet on December 31. 1998, : pl4
a. Cash balance in a sinking fund.
b. Accrued interest on bonds payable.
c. Debenture bonds payable due in 2008,
d. Premium on bonds payable.
e. First-mortgage bonds payable, due July I, 1999.
f. Discount on bonds payable.
g. First National Bank — Interest account. h. Convertible bonds payable due in 2001 .
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Related Book For
Accounting A Business Perspective
ISBN: 9780075615859
7th Edition
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
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