Indicate how each of the follow ing items should be classified in a balance sheet on December

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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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Accounting A Business Perspective

ISBN: 9780075615859

7th Edition

Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher

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