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Show the proper balance sheet presentation for the liability

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On July 1,2010, Remington Chemical Company issued $4,000,000 face value,10%,10-year bonds at $4,543,627.This price resulted in an 8% effective-interest rate on the bonds. Remington uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on each July 1 and January 1

Problem 1: Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2011, balance sheet.

Reference no: EM132985777

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