Question: Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2018, balance sheet. No Date Account Title Debit Credit

Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2018, balance sheet.

No Date Account Title Debit Credit 1 June 30, 2017 Cash 3,225,689 Bonds Payable 3,000,000 Bonds Premium 225,689 2 December 31, 2017 Interest Expenses 193541 Bonds Premium 1459 Cash 195000 3 June 30, 2018 Interest Expenses 193454 Bonds Premium 1546 Cash 195000 4) December 31, 2018 Interest Expenses 193361 Bonds Premium 1639 Cash 195000

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