Reporting and Interpreting Bond Disclosures The adjusted trial balance for the Hass Corporation at the end of 2015 contains the following accounts:

$30,000	Bond Interest Payable
550,000	9% Bonds Payable due 2017
600,000	10% Bonds Payable due 2016
21,000	Discount on 9% Bonds Payable
3,000	Premium on 8% Bonds Payable
180,000	Zero-Coupon Bonds Payable due 2018
110,000	8% Bonds Payable due 2020

Prepare the long-term liabilities section of the balance sheet. Indicate the proper balance sheet classification for accounts listed above that do not belong in the long-term liabilities section.

Complete the following liabilities section of the balance sheet.

Current liabilities:
Bond interest payable	Answer 30,000
10 bonds payable due 2016	Answer 600,000
Total current liabilities	Answer 630,000
Long-term debt:
9 bonds payable due 2017	Answer
Zero coupon bonds payable due 2018	Answer 180,000
8% bonds payable due 2020, net	Answer
Total long-term debt	Answer