The adjusted trial balance for Matthews Corporation at the end of the current year contained the following
Question:
Interest Payable .......... $ 9,000
Lease Liability .......... 59,500
Bonds Payable, due 2019 ..... 180,000
Premium on Bonds Payable .... 24,000
Instructions
Prepare the long-term liabilities section of the balance sheet.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For 
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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