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The following items are found in the financial statements. Indicate how each of these items should be classified in the financial statements. Classification (a) Debenture

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The following items are found in the financial statements. Indicate how each of these items should be classified in the financial statements. Classification (a) Debenture bonds payable (maturing in 5 years). (b) Premium on bonds payable. (c) Income bonds payable (due in 3 years). V C. (d) Callable Bond (due in 7 months). (e) Notes payable (due in 4 years). (6) Discount on bonds payable. (8) Unamortized bond issue costs. s (h) Mortgage payable (payable in equal amounts over next 3 years). (i) Gain on repurchase of debt. 6) Interest expense (credit balance)

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