Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES PARROTHEAD ENTERPRISES 2014 and...
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Accounting
Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES PARROTHEAD ENTERPRISES 2014 and 2015 Partial Balance Sheets 2015 Income Statement Assets Liabilities & Owners' Equity Sales 12,222 2015 2014 2015 2014 Costs 5,555 Current assets 975 955 Current liabilities 379 464 Depreciation 1,036 Net fixed assets 3,964 4,139 Long-term debt 2,077 2,258 Interest 132 During 2015, Parrothead Enterprises raised $384 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? (Omit the "$" sign and commas in your response. For example, $123,456 should be entered as 123456.)
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