Question: Presented here are long-term liability items for Borders Inc. at December 31, 2012. Prepare the long-term liabilities section of the balance sheet for Borders Inc.

Presented here are long-term liability items for Borders Inc. at December 31, 2012. Prepare the long-term liabilities section of the for Borders Inc.
Bonds payable (due 2016) .......$700,000
Notes payable (due 2014) .........80,000
Discount on bonds payable .......28,000

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