The adjusted trial balance for Viola Corporation at the end of the current year contained the following accounts:

\section*{Instructions}

(a) Prepare the long-term liabilities section of the balance sheet.

(b) Indicate the proper balance sheet classification for the account(s) listed above that do not belong in the long-term liabilities section.

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Bond interest payable Mortgage note payable liability $ 9,000 59,500 120,000 Premium on bonds payable 32,000 Bonds payable, due 2007