At December 31, 2020, Crane Corporation has the following account balances: Bonds payable, due January 1, 2029 $2,600,000 Discount on bonds payable 71,000 Interest payable 62,000 Show how the above accounts should be presented on the December 31, 2020, balance sheet, including the proper classifications.
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At December 31, 2020, Crane Corporation has the following account balances:
Bonds payable, due January 1, 2029 | $2,600,000 | |
Discount on bonds payable | 71,000 | |
Interest payable | 62,000 |
Show how the above accounts should be presented on the December 31, 2020,
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