prepare the long term liabilities section of the balance sheet 581482

The adjusted trial balance for Olde Farm Corporation at the end of the current year contained the following accounts.

Interest Payable

$ 9,000

Lease Liability

89,500

Bonds Payable, due 2017

180,000

Premium on Bonds Payable

32,000

Instructions

Prepare the long term liabilities section of the balance sheet.