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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. 

Accounting Basics, Accounting

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  • Reference No.:- M91886897
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