Presented below are long-term liability items for Molini Company at December 31, 2010. Prepare the long-term liabilities section of the balance sheet for Molini Company. Bonds payable, due 2012 ... $500,000 Lease liability ....... 70,000 Notes payable, due 2015 ...
Presented below are long-term liability items for Molini Company at December 31, 2010. Prepare the long-term liabilities section of the balance sheet for Molini Company.
Bonds payable, due 2012 ... $500,000
Lease liability ....... 70,000
Notes payable, due 2015 ... 80,000
Discount on bonds payable .. 45,000
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...
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Related Book For 
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Details
Chapter #
15- Long-Term Liabilities
Section: Brief Exercises
Problem: 8
Posted Date: September 13, 2011 08:39:54
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