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Prepare long-term liabilities section of the balance sheet

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Question - The adjusted trial balance for Sandhill Farm Corporation at the end of the current year contained the following accounts.

Interest Payable $9,500

Lease Liability 85,900

Bonds Payable, due 2025 175,900

Premium on Bonds Payable 34,000

Required - Prepare the long-term liabilities section of the balance sheet.

Reference no: EM132432183

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