Question
Presented here are long-term liability items for Larkspur, Inc. at December 31, 2025. Bonds payable (due 2029) $650,000 Notes payable (due 2027) 81,000 Discount on
Presented here are long-term liability items for Larkspur, Inc. at December 31, 2025.
| Bonds payable (due 2029) | $650,000 | |
| Notes payable (due 2027) | 81,000 | |
| Discount on bonds payable | 25,000 |
Prepare the long-term liabilities section of the balance sheet for Larkspur, Inc.
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
