Question: Presented below are long-term liability items for Beun Company at December 31, 2012. Prepare the long-term liabilities section of the balance sheet for Beun Company.

Presented below are long-term liability items for Beun Company at December 31, 2012. Prepare the long-term liabilities section of the balance sheet for Beun Company.

Bonds payable, due 2014 $500,000
Lease liability 70,000
Notes payable, due 2017 80,000
Discount on bonds payable 45,000

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