Presented below are long-term liability items for Lind Company at December 31, 2017. Prepare the long-term liabilities

Question:

Presented below are long-term liability items for Lind Company at December 31, 2017. Prepare the long-term liabilities section of the balance sheet for Lind Company.

Bonds payable, due 2019..........................................$600,000

Lease liability......................................................................70,000

Notes payable, due 2022..............................................80,000

Discount on bonds payable..........................................45,000

Balance Sheet
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...

Fantastic news! We've Found the answer you've been seeking!