The adjusted trial balance for Bramble Corp. at the end of the current year, 2018, contained the following accounts. 5-year Bonds Payable 8% $1490000 Interest Payable 52000 Premium on Bonds Payable 149000 Notes Payable (3 mo.) 39000 Notes Payable (5 yr.) 144000 Mortgage Payable ($8000 due currently) 240000 Salaries and Wages Payable 15000 Taxes Payable (due 3/15 of 2019) 22000 The total long-term liabilities reported on the balance sheet are

The adjusted trial balance for Bramble Corp. at the end of the current year, 2018, contained the following accounts. 5-year Bonds Payable 8% $1490000 Interest Payable 52000 Premium on Bonds Payable 149000 Notes Payable (3 mo.) 39000 Notes Payable (5 yr.) 144000 Mortgage Payable ($8000 due currently) 240000 Salaries and Wages Payable 15000 Taxes Payable (due 3/15 of 2019) 22000 The total long-term liabilities reported on the balance sheet are

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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