Assume that one month has elapsed and the company in Problem 1 has in timely manner...

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Assume that one month has elapsed and the company in Problem 1 has in timely manner paid its mortgage payment consisting of $2,500 on the principal and $4,500 toward interest; total payment was $7,000. A. What amount will appear on the balance sheet as a long-term liability? B. What amount will appear on the balance sheet as a current liability? %24 Assume that one month has elapsed and the company in Problem 1 has in timely manner paid its mortgage payment consisting of $2,500 on the principal and $4,500 toward interest; total payment was $7,000. A. What amount will appear on the balance sheet as a long-term liability? B. What amount will appear on the balance sheet as a current liability? %24

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