Solved: Presented here are long-term liability items for skysong, Accounting Basics

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Presented here are long-term liability items for skysong

Question - Presented here are long-term liability items for Skysong, Inc. at December 31, 2017.

Bonds payable (due 2021) $920,000

Notes payable (due 2019) 84,000

Discount on bonds payable

23,000

Required - Prepare the long-term liabilities section of the balance sheet for Skysong, Inc.

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Accounting Basics: Presented here are long-term liability items for skysong

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Accounting Basics: Presented here are long-term liability items for skysong

Reference No:- TGS02390232

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