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The adjusted trial balance for Perry Corporation at the end of 2018 contained the following accounts:
Bonds payable, 10%                              $800,000
Interest payable                                         20,000
Discount on bonds payable                          40,000
Mortgage notes payable, 9%, due 2020        90,000
Accounts payable                                      120,000
 
(a)
Prepare the long-term liabilities section of the balance sheet.
 
*Please see the attached file*

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