DATE	TRANSACTIONS FOR 2025
Jun.	1	Issued bonds with a face value of $500000 at 97.63 plus accrued interest from March 1. (When bonds are issued between interest payment dates, the accrued interest is paid to the corporation by the purchaser. CreditBond Interest Expense.)
Sept.	1	Paid the semiannual bond interest and amortized the discount for three months. (Make two entries. Use the straight-line method to compute the amortization.)
Dec.	31	Recorded an adjusting entry to accrue the interest and to amortize the discount. (Make one entry.)
	31	Closed theBond Interest Expenseaccount to theIncome Summaryaccount.

DATE	TRANSACTIONS FOR 2026
Jan. 1	Reversed the adjusting entry made on December 31, 2025.
Mar. 1	Paid the semiannual bond interest and amortized the discount on the outstanding bonds.

prepare the Long-Term Liabilities section of the corporation's balance sheet on December 31, 2025.

repare the Long-Term Liabilities section of the corporation's balance sheet on December 31, 2025.

CALMONT, LLC
Partial Balance Sheet
December 31, 2025
Long term liabilities:
Bons payable
Less: Discount on bonds payableselected answer correct
Net liability