Presented below are long-term liability items for molini


1. Presented below are long-term liability items for Molini Company at December 31, 2010. Prepare the long-term liabilities section of the balance sheet for Molini Company.

Bonds payable, due 2012 ... $500,000
Lease liability ....... 70,000
Notes payable, due 2015 ... 80,000
Discount on bonds payable .. 45,000 

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Accounting Basics: Presented below are long-term liability items for molini
Reference No:- TGS01514164

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