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Exercise 10-16 The adjusted trial balance for Karr Farm Corporation at the end of the current year contained the following accounts. Interest Payable $9,000 Bonds

Exercise 10-16 The adjusted trial balance for Karr Farm Corporation at the end of the current year contained the following accounts. Interest Payable $9,000 Bonds Payable, due 2019 180,000 Premium on Bonds Payable 32,000 Prepare the long-term liabilities section of the balance sheet. (For Bonds Payable, Notes Payable and Mortgage payable enter the account name only and do not provide any additional descriptive information e.g. due 2019.) Karr Farm Corporation Balance Sheet $ : $

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