The December Trial Balance of Jane Corporation includes among others, the following: Long term notes, which are payable in an annual installment of. 60,000 10,000 on February 1 of each year Rental Income received in advance 16,000 Notes Payable, which are trade notes, with the exception of 20,00. 60,000 Notes payable to bank on June 30 of the following year. Accounts payable which include account with debit balance of 2,000. 80,000 Notes Receivable which have been reduced by notes discounted of 20,000 That are not yet due and on which the Corporation is contingently liable. 100,000 Accounts receivable, which include accounts with credit balances of 10,000 and due. 200,000 Accounts of 6,000 on which a loss of 80% is anticipated Merchandise Inventory, which includes goods held for consignment, 8,000 and goods. 180,000 Received on December 31 of 12,000; neither of these items having been recorded as a purchase The long-term debt at year end is?
The December
The long-term debt at year end is?
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