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Refer to the following list of liability balances at December 31, 2025. Accounts Payable Employee Health Insurance Payable Employee Income Tax Payable Estimated Warranty Payable (Due 2026) Long-Term Notes Payable (Due 2028) FICA-OASDI Taxes Payable Sales Tax Payable Mortgage Payable (Due 2029) Bonds Payable (Due 2030) Current Portion of Long-Term Notes Payable What is the total amount of long-term liabilities? $100,000 $92,000 $39,000 $47,000 $13,000 1,050 800 1,000 39,000 1,260 370 8,000 53,000 10,500

Refer to the following list of liability balances at December 31, 2025. Accounts Payable Employee Health Insurance Payable Employee Income Tax Payable Estimated Warranty Payable (Due 2026) Long-Term Notes Payable (Due 2028) FICA-OASDI Taxes Payable Sales Tax Payable Mortgage Payable (Due 2029) Bonds Payable (Due 2030) Current Portion of Long-Term Notes Payable What is the total amount of long-term liabilities? $100,000 $92,000 $39,000 $47,000 $13,000 1,050 800 1,000 39,000 1,260 370 8,000 53,000 10,500

FINANCIAL ACCOUNTING
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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Refer to the following list of liability balances at December 31, 2025. Accounts Payable $13,000 1,050 Employee Health Insurance Payable Employee Income Tax Payable 800 Estimated Warranty Payable (Due 2026) Long-Term Notes Payable (Due 2028) FICA-OASDI Taxes Payable Sales Tax Payable Mortgage Payable (Due 2029) Bonds Payable (Due 2030) Current Portion of Long-Term Notes Payable What is the total amount of long-term liabilities? $100,000 $92,000 $39,000 $47,000 1,000 39,000 1,260 370 8,000 53,000 10,500
Transcribed Image Text:Refer to the following list of liability balances at December 31, 2025. Accounts Payable $13,000 1,050 Employee Health Insurance Payable Employee Income Tax Payable 800 Estimated Warranty Payable (Due 2026) Long-Term Notes Payable (Due 2028) FICA-OASDI Taxes Payable Sales Tax Payable Mortgage Payable (Due 2029) Bonds Payable (Due 2030) Current Portion of Long-Term Notes Payable What is the total amount of long-term liabilities? $100,000 $92,000 $39,000 $47,000 1,000 39,000 1,260 370 8,000 53,000 10,500
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