Question: Presented here are long-term liability items for Evenson Inc. at December 31, 2014. Prepare the long-term liabilities section of the balance sheet for Evenson Inc.

Presented here are long-term liability items for Evenson Inc. at December 31, 2014. Prepare the long-term liabilities section of the for Evenson Inc.
Bonds payable (due 2018)....... $700,000
Notes payable (due 2016)........ 80,000
Discount on bonds payable........ 28,000

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