E14-2B (Classification) The following items are found in the financial statements. (a) Debenture bonds payable (maturing in 5 years). (b) Premium on bonds payable. (c) Income bonds payable (due in 3 years). (d) Treasury bonds. (e) Notes payable (due in 4

E14-2B (Classification) The following items are found in the financial statements.

(a) Debenture bonds payable (maturing in 5 years).

(b) Premium on bonds payable.

(c) Income bonds payable (due in 3 years).

(d) Treasury bonds.

(e) Notes payable (due in 4 years).

(f) Discount on bonds payable.

(g) Unamortized bond issue costs.

(h) Mortgage payable (payable in equal amounts over next 3 years).

(i) Gain on repurchase of debt.

(j) Interest expense (credit balance).

Instructions

Indicate how each of these items should be classified in the financial statements.