Question
The adjusted trial balance for the Mammoth Corporation at LO2 the end of 2018 contains the following accounts: Bond interest payable. 9% Bonds payable
The adjusted trial balance for the Mammoth Corporation at LO2 the end of 2018 contains the following accounts: Bond interest payable. 9% Bonds payable due 2020 10% Bonds payable due 2019 Discount on 9% bonds payable Premium on 10% bonds payable Zero-coupon bonds payable due 2021 8% Bonds payable due 2023 $ 40,000 600,000 500,000 19,000 15,000 170,500 200,000 Prepare the long-term liabilities section of the balance sheet. Indicate the balance sheet classification for any accounts listed above that do not belong in the long-term liabilities section.
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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 2
1119048478, 978-1119048473
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