Current Attempt in Progress Presented below are long-term liability items for Oriole Company at December 31, 2022. Bonds payable, due 2024 $650,000 Lease liability 60,000 Notes payable, due 2027 70,000 Discount on bonds payable 42,250 Prepare the long-term liabilities section of the balance sheet for Oriole Company. (Enter account name only and do not provide descriptive information.) Oriole Company Balance Sheet (Partial) $ $ $

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.1E: Current Liabilities The following items are accounts on Smiths balance sheet of December 31, 2016:...
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Presented below are long-term liability items for Oriole Company at December 31, 2022.
Bonds payable, due 2024
$650,000
Lease liability
60,000
Notes payable, due 2027
70,000
Discount on bonds payable
42,250
Prepare the long-term liabilities section of the balance sheet for Oriole Company. (Enter account name only and do not provide descriptive
information.)
>
Oriole Company
Balance Sheet (Partial)
$
$
$
Transcribed Image Text:Current Attempt in Progress Presented below are long-term liability items for Oriole Company at December 31, 2022. Bonds payable, due 2024 $650,000 Lease liability 60,000 Notes payable, due 2027 70,000 Discount on bonds payable 42,250 Prepare the long-term liabilities section of the balance sheet for Oriole Company. (Enter account name only and do not provide descriptive information.) > Oriole Company Balance Sheet (Partial) $ $ $
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