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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