At December 31, 2011, Hyasaki Corporation has the following account balances: Bonds payable, due January 1, 2019

Question:

At December 31, 2011, Hyasaki Corporation has the following account balances:

Bonds payable, due January 1, 2019 $2,000,000

Discount on bonds payable 88,000

Bond interest payable 80,000

Show how the above accounts should be presented on the December 31, 2011, balance sheet, including the proper classifications.

Bonds
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