Business, 10.05.2021 16:40 justinderringer03
The adjusted trial balance for Monty Corp. at the end of the current year contained the following accounts.
5-year Bonds Payable 8% $1500000
Bond Interest Payable 47000
Premium on Bonds Payable 94000
Notes Payable (3 mo.) 38000
Notes Payable (5 yr.) 155000
Mortgage Payable ($14000 due currently) 188000
Salaries and Wages Payable 17000
Taxes Payable (due 3/15 of next yr) 24000
Required:
What are the total long-term liabilities reported on the balance sheet?
Answers: 2
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