Presented below are long term liability items for Lind Company at December 31, 2014 Prepare the long term liabilities section of the balance sheet for Lind Company Bonds payable, due 2016 $600,000 Lease liability 70,000 Notes payable, due 2019 80,000 Discount on bonds payable 45,000 ...

Longterm liabilities Bonds payable due ...

Presented below are long-term liability items for Lind Company at December 31, 2014. Prepare the long-term liabilities

Question:

Presented below are long-term liability items for Lind Company at December 31, 2014. Prepare the long-term liabilities section of the for Lind Company.
Bonds payable, due 2016 .......... $600,000
Lease liability .............. 70,000
Notes payable, due 2019 ......... 80,000
Discount on bonds payable ........ 45,000

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...