Question: Presented here are long-term liability items for Marin Inc. at December 31, 2022. Bonds payable (due 2026) $ 720,000 Notes payable (due 2024) 78,000 Discount
Presented here are long-term liability items for Marin Inc. at December 31, 2022.
| Bonds payable (due 2026) | $720,000 | |
| Notes payable (due 2024) | 78,000 | |
| Discount on bonds payable | 28,000 |
Prepare the long-term liabilities section of the balance sheet for Marin Inc.
| MARIN INC. Balance Sheet (Partial) choose the accounting period | ||||||
|---|---|---|---|---|---|---|
| select an opening subsection name | ||||||
| enter an account title | $enter a dollar amount | |||||
| select between addition and deduction: enter an account title | enter a dollar amount | $enter a subtotal of the two previous amounts | ||||
| enter an account title | enter a dollar amount | |||||
| select a closing subsection name | $enter a total amount for this subsection | |||||
Step by Step Solution
There are 3 Steps involved in it
A 1 MARTIN INC 2 Balance Sheet Partial 3 De... View full answer
Get step-by-step solutions from verified subject matter experts
