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The Square Foot Grill, Inc., issued $200,000 of 10-year, 6 percent bonds on July 1, 2016, at 102. Interest is payable in cash semiannually on

The Square Foot Grill, Inc., issued $200,000 of 10-year, 6 percent bonds on July 1, 2016, at 102. Interest is payable in cash semiannually on June 30 and December 31. The straight-line method is used for amortization.

b.

Prepare the liabilities section of the balance sheet at the end of 2016 and 2017. (Amounts to be deducted should be indicated with minus sign.)image text in transcribed

10 nts 0.50 points b. Prepare the liabilities section of the balance sheet at the end of 2016 and 2017. (Amounts to be deducted should be indicated with minus sign.) SQUARE FOOT GRILL, INC Balance Sheet (Partial) As of December 31 2016 2017 Liabilities Net carrying value of bonds Total liabilities HintsReferences eBook&Resources Hint#1 Check my work

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