Question: Presented below are long-term liability items for Ivanhoe Company at December 31, 2022. Bonds payable, due 2024 $625,000 Lease liability 80,000 Notes payable, due 2027


Presented below are long-term liability items for Ivanhoe Company at December 31, 2022.

Bonds payable, due 2024$625,000
Lease liability80,000
Notes payable, due 202790,000
Discount on bonds payable34,375


Prepare the long-term liabilities section of the balance sheet for Ivanhoe Company.

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