Question: Presented below are long-term liability items for Suarez Company at December 31, 2014. Prepare the long-term liabilities section of the balance sheet for Suarez Company.

Presented below are long-term liability items for Suarez Company at December 31, 2014. Prepare the long-term liabilities section of the balance sheet for Suarez Company. Bonds payable, due 2016 $500,000 Mortgage Liability due in one year $45,000 560,000 total Notes Payable, due 2019 80,000 Discount on Bonds Payable 42,000

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