Lee Corporation has 10-year, 12% bonds payable of $100,000 that were sold on January 2, 2019 at a premium of $15,000. The amortization on the premium is recorded at the end of every year. Determine the Balance Sheet presentation of these bonds at December 31, 2021. (Present only the section of the Balance Sheet in which the bonds appear.)

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The Answer of Lee Corporation has 10-year, 12% bonds payable of $100,000 that were sold on January 2, 2019 at a premium of $15,000. The amortization on the premium is recorded at the end of every year. Determine the Balance Sheet presentation of these bonds at December 31, 2021. (Present only the section of the Balance Sheet in which the bonds appear.)

Lee Corporation Has 10-Year, 12% Bonds Payable of $100,000 That