$($a$)$

Your answer is correct.

eTextbook and Media

List of Accounts

$($b$)$

Your answer is partially correct.

Show the long$-$term liabilities balance sheet presentation for issuance of the bonds sold at $108$ at December $31,2027.$

Sheridan Co$.$

Balance Sheet $($Partial$)$

December $31,2027$

Long$-$term Liabilities

Bonds Payable

$

: Premium on Bonds Payable

Show the long$-$term liabilities balance sheet presentation for issuance of the bonds sold at $98$ at December $31,2027.$

Sheridan Co$.$

Balance Sheet $($Partial$)$

December $31,2027$

Long$-$term Liabilities

Bonds Payable

$