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65 and 66 14 65.(2 points each) Linten Company has these...

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Accounting

65 and 66
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14 65.(2 points each) Linten Company has these obligations at December 31. For ench show how the amount (s) that is (are current or long-term obligation indicate whether it should be classified as a current liability. For each obligation, Obligation Current Liability Long-term Liability a note payable for $100,000 due in 2 years a 10-year mortgage payable of $200,000 payable in ten $20,000 annual payments interest payable of $15,000 on the mortgage accounts payable of $60,000 66. (8 points) (4 points) on March 1, Saddle Inc. issues $300,000, 10-year, 8% bonds at 98. Prepare the journal entry to record the sale of these bonds. (4 points) Prior to maturity, when the carrying value of the bonds was $297,400, the company redeemed the bonds at 96. Determine the amount of gain or loss. Show whether it is a gain or a loss

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