In each separate situation, show how bonds payable is reported in the long-term liabilities section of the December 31 balance sheet. Note: Amounts to be deducted should be entered with a minus sign. 1. Bonds payable with a par value of $10,000 and a premium on bonds payable of $240. 2. Bonds payable with a par value of $30,000 and a discount on bonds payable of $500. Complete this question by entering your answers in the tabs below. Bonds payable with a par value of $30,000 and a discount on bonds payable of $500