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Presented below are long term liability items

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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 

Reference no: EM131129785

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Presented below are long term liability items : 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 ... $500,000Lease liability ....... 70,000Notes payable, ..
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