Wizard Company reports the following on its year-end adjusted trial balance: Long-Term Bonds Payable, $4,500; Unamortized Bond

Question:

Wizard Company reports the following on its year-end adjusted trial balance: Long-Term Bonds Payable, $4,500; Unamortized Bond Discount, $600; Accrued Pension Cost, $9,000; Mortgage Payable, $5,000; and Fund to Retire Long-Term Bonds Payable, $8,500. Prepare the long-term liabilities section of Wizard’s year-end balance sheet.