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At December 31, 2017, Bonita Corporation has the following account balances:

Bonds payable, due January 1, 2026 - $2,600,000

Discount on bonds payable - 71,000

Interest payable - 62,000

Show how the above accounts should be presented on the December 31, 2017, balance sheet, including the proper classifications.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92369063
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