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Question: brief exercise 1508 presented below are longterm liability items for...

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Brief Exercise 15-08 Presented below are long-term liability items for Cullumber Company at December 31, 2020 Bonds payable, due 2022 Lease liability Notes payable, due 2025 Discount on bonds payable $600,000 75,000 85,000 42,000 Prepare the long-term liabilities section of the balance sheet for Cullumber Company. (Enter account name only and do not provide descriptive information.) Cullumber Company Balance Sheet (Partial) SHOW LIST OF ACCOUNTSList Of Accounts Brief Exercise 15-08 Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Allowance for Doubtful Accounts Bad Debt Expense Bonds Payable Buildings Cash Cash Dividends Common Stock Depreciation Expense Discount on Bonds Payable Dividends Payable Equipment Gain on Bond Redemption Interest Expense Interest Payable Inventory Land Lease Liability Leased Asset-Equipment Loss on Bond Redemption Mortgage Payable Notes Payable Other Operating Expenses Paid-in Capital in Excess of Par-Common Stock Paid-in Capital in Excess of Par-Preferred Stock Preferred Stock Premium on Bonds Payable Rent Expense Rent Revenue Retained Earnings Right-of-Use-Asset Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Treasury Stock Unearned Rent Revenue

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