Sandhill Co. sold $3,300,000, 7%, 10-year bonds on January 1,2017. The bonds were dated January 1, 2017, and pay interest onJanuary 1. The company uses straight-line amortization on bondpremiums and discounts. Financial statements are preparedannually.
Show the long-term liabilities balance sheet presentation forissuance of the bonds sold at 104 at December 31, 2017.
Show the long-term liabilities balance sheet presentation forissuance of the bonds sold at 97 at December 31, 2017.
