20 After this second entry, the long-term liabilities section of Jet's December 31, 2007, balance sheet would appear as follows: Bonds payable$100,000.00 Add: Premium on Bonds Payable 6,177.37 $106,177.37 $7,721.71 – $772.17 – $772.17 Straight-Line Method Bonds Issued at a Premium
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