Current Attempt in Progress The adjusted trial balance for Ayayai Corp. at the end of the current year contained the following accounts. 5-year Bonds Payable 8% $1070000 Bond Interest Payable 34000 Premium on Bonds Payable 67000 Notes Payable (3 mo.) 27000 Notes Payable (5 yr.) 111000 Mortgage Payable ($10000 due currently) Salaries and Wages Payable 134000 12000 Taxes Payable (due 3/15 of next yr) 17000 The total long-term liabilities reported on the balance sheet are O $1305000. O $1382000. O $1372000. O $1315000.

Current Attempt in Progress The adjusted trial balance for Ayayai Corp. at the end of the current year contained the following accounts. 5-year Bonds Payable 8% $1070000 Bond Interest Payable 34000 Premium on Bonds Payable 67000 Notes Payable (3 mo.) 27000 Notes Payable (5 yr.) 111000 Mortgage Payable ($10000 due currently) Salaries and Wages Payable 134000 12000 Taxes Payable (due 3/15 of next yr) 17000 The total long-term liabilities reported on the balance sheet are O $1305000. O $1382000. O $1372000. O $1315000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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