The adjusted trial balance for Gilligan Corporation at the end of the current year contained the following
Question:
The adjusted trial balance for Gilligan Corporation at the end of the current year contained the following accounts.
Bond Interest Payable $ 9,000
Lease Liability 89,500
Bonds Payable, due 2015 180,000
Premium on Bonds Payable 32,000
Instructions
Prepare the long-term liabilities section of the balance sheet.
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Longterm liabilities Bonds payable due 201...View the full answer
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Related Book For 
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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