Dolton Corporation – Long term liabilities – 

The adjusted trial balance for Dolton Corporation at the endof the current year contained the following accounts:,Bonds payable, 10% $400,000,Bond interest payable 20,000,Discount on bonds payable 30,000,Notes payable, 9%, due 2010 70,000,Accounts payable 120,000,Instructions,(a) Prepare the long-term liabilities section of the balancesheet.,(b) Indicate the proper balance sheet classification for theaccounts listed above that do not belong in the long-term liabilities section.