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Olde Farm 9000

Price: $1.99

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

Prepare the long-term liabilities section of the balance sheet.

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