Question: Presented here are long-term liability items for Teal Mountain Inc. at December 31, 2017 Bonds payable (due 2021) Notes payable (due 2019) Discount on bonds

Presented here are long-term liability items for Teal Mountain Inc. at

Presented here are long-term liability items for Teal Mountain Inc. at December 31, 2017 Bonds payable (due 2021) Notes payable (due 2019) Discount on bonds payable $790,000 72,000 33,000 Prepare the long-term liabilities section of the balance sheet for Teal Mountain Inc. TEAL MOUNTAIN INC. Balance Sheet (Partial) December 31, 2017 Long-term Liabilities Less Xx Total Long-term Liabilities

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