Question
Presented below are long-term liability items for Suarez Company on December 31, 2014. |Bonds payable, due 2016| $500,000 |Lease liability| 60,000 |Notes payable, due 2019|
Presented below are long-term liability items for Suarez Company on December 31, 2014.
|Bonds payable, due 2016| $500,000
|Lease liability| 60,000
|Notes payable, due 2019| 80,000
|Discount on bonds payable| 42,000
Prepare the long-term liabilities section of the balance sheet for Suarez Company.
Do not copy from Chegg and give complete answer with explanation
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College Accounting, Chapters 1-27
Authors: James A. Heintz, Robert W. Parry
21st Edition
1285055411, 9781285055411
