Part 6

Brief Exercise 15-08 resented below are long-term liability items for Wildhorse Company at December 31, 2020 Bonds payable, due 2022 $525,000 Lease liability 60,000 Notes payable, due 2025 70,000 Discount on bonds payable 28,875 Prepare the long-term liabilities section of the balance sheet for Wildhorse Company. (Enter account name only and do not provide descriptive information.) Wildhorse Company Balance Sheet (Partial)