Question: Presented below are long-term liability items for Lind Company at December 31, 2015. Prepare the long-term liabilities section of the balance sheet for Lind Company.

Presented below are long-term liability items for Lind Company at December 31, 2015. Prepare the long-term liabilities section of the balance sheet for Lind Company.

Bonds payable, due 2017 .............. $600,000

Notes payable, due 2020 .............. 80,000

Discount on bonds payable ........... 45,000

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