The adjusted trial balance for Hamilton Corp. at the end of the current year, 2017, contained the
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Question:
5-year Bonds Payable 8% | $1,200,000 |
Bond Interest Payable | 50,000 |
Premium on Bonds Payable | 100,000 |
Notes Payable (3 mo.) | 40,000 |
Notes Payable (5 yr.) | 165,000 |
Mortgage Payable ($15,000 due currently) | 200,000 |
Salaries and Wages Payable | 18,000 |
Taxes Payable (due 3/15 of next yr) | 25,000 |
Required:
What are the total long-term liabilities reported on the balance sheet?
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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