Bonds payable (due 2026) Notes payable (due 2024) Discount on bonds payable $720,000 78,000 28,000 Prepare the long-term liabilities section of the balance sheet for Marin Inc. MARIN INC. Balance Sheet (Partial) S

Bonds payable (due 2026) Notes payable (due 2024) Discount on bonds payable $720,000 78,000 28,000 Prepare the long-term liabilities section of the balance sheet for Marin Inc. MARIN INC. Balance Sheet (Partial) S

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

GE
Presented here are long-term liability items for Marin Inc. at December 31, 2022.
Bonds payable (due 2026)
Notes payable (due 2024)
Discount on bonds payable
$720,000
78,000
28,000
Prepare the long-term liabilities section of the balance sheet for Marin Inc.
MARIN INC.
Balance Sheet (Partial)
$

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