At
December 31, 2012, Hyasaki Corporation has the following account balances:
Bonds
Payable—Due January 1, 2020 (face value, $2,000,000) …………..$1,912,000
Bond
Interest Payable ………………………………………………...................80,000
Show
how the above accounts should be presented on the December 31, 2012 balance
sheet, and with the proper classifications.
Current
liabilities
|
|
Bond interest payable............................................................
|
$ 80,000
|
Long-term
liabilities
|
|
Bonds
payable, due January 1, 2020.................................
|
$1,912,000
|