Business, 23.03.2020 18:57 savannah19dw

At December 31, 2020, Swifty Corporation has the following account balances:

Bonds payable, due January 1, 2029 $2,500,000
Discount on bonds payable 107,000
Interest payable 101,000

Show how the above accounts should be presented on the December 31, 2011, balance sheet, including the proper classifications.

Current liabilities
Long-term liabilities

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At December 31, 2020, Swifty Corporation has the following account balances:

Bonds paya...

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