The adjusted trial balance for Payne Corporation at the end of the 2017 contained the...
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Accounting
The adjusted trial balance for Payne Corporation at the end of the 2017 contained the following accounts:
5-year Bonds payable 9%.............................................. $2900000
Bond interest payable............................................................. 49000
premium on bonds payable 101000
Notes payable (3months) 41000
Notes payable (5yr) 167000
Mortgage notes payable, (14000 fue currently) 198000
Salaries and wages payable. 18000
income taxes payable (due 3/15 of 2019). 26000
the total long term liabilities reported on the balance sheet are
A. 3366000
b. 3352000
c.3665000
d. 3251000
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