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ACC- Dolton Corporation

Description

solution


Question

Question;The adjusted trial balance for Dolton Corporation at the end of the current year contained the following accounts:Bonds payable, 10% $400,000Bond interest payable 20,000Discount on bonds payable 30,000Notes payable, 9%, due 2010 70,000Accounts payable 120,000Instructions(a) Prepare the long-term liabilities section of the balance sheet.(b) Indicate the proper balance sheet classification for the accounts listed above that do not belong in the long-term liabilities section.

 

Paper#44265 | Written in 18-Jul-2015

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