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Brief Exercise 10-12 Presented here are long-term liability items for Skysong, Inc. at December 31, 2017. Bonds payable (due 2021) $940,000 Notes payable (due 2019)

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Brief Exercise 10-12 Presented here are long-term liability items for Skysong, Inc. at December 31, 2017. Bonds payable (due 2021) $940,000 Notes payable (due 2019) 80,000 Discount on bonds payable 38,000 Prepare the long-term liabilities section of the balance sheet for Skysong, Inc. SKYSONG, INC. Balance Sheet (Partial) $ $ $

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