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Show the balance sheet presentation of bonds payable

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On October 1, 2021, Monty Corp. issued $828,000, 7%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay interest annually on October 1. Financial statements are prepared annually on December 31.

Problem 1: Show the balance sheet presentation of bonds payable and bond interest payable on December 31, 2021.

Reference no: EM132811233

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