QUESTION 15 Mortgage Payable is found on the balance sheet as a: a. current asset b. long-term asset c. current liability d. long-term liability QUESTION 16 Prepare the following Journal entries for Bond Issuance March 1 -- Issued $400,000 in bonds at face value. June 3 -- Issued $100,000 in bonds for 98. October 30 -- Issued $200,000 in bonds for 101