Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. multiple choice question 102 the adjusted trial ba

Multiple Choice Question 102 The adjusted trial balance for Concord Corporation at the end of...

80.2K

Verified Solution

Question

Accounting

imageMultiple Choice Question 102 The adjusted trial balance for Concord Corporation at the end of the current year, 2018, contained the following accounts. 5-year Bonds Payable 8% $3000000 Interest Payable 51000 Premium on Bonds Payable 100000 Notes Payable (3 months.) 42000 Notes Payable (5 yr.) 167000 Mortgage Payable ($17000 due currently) 201000 Salaries and wages Payable 16000 Income Taxes Payable (due 3/15 of 2019) 23000 The total long-term liabilities reported on the balance sheet are $3351000. $3468000. $3451000. $3368000.

Multiple Choice Question 102 The adjusted trial balance for Concord Corporation at the end of the current year, 2018, contained the following accounts 5-year Bonds Payable 8% Interest Payable $3000000 51000 100000 42000 Premium on Bonds Payable Notes Payable (3 months.) Notes Payable (5 yr.) 167000 Mortgage Payable ($17000 due currently). 201000 16000 Salaries and wages Payable Income Taxes Payable (due 3/15 of 2019) 23000 The total long-term liabilities reported on the balance sheet are $3351000. $3468000 $3451000. $3368000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students