The adjusted trial balance for Sheridan Company at the end of the current year, 2021, contained...
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The adjusted trial balance for Sheridan Company at the end of the current year, 2021, contained the following accounts. 5-year Bonds Payable 8% $ 2900000 Interest Payable 50000 Premium on Bonds Payable 98000 Notes Payable (3 months.) 42000 Notes Payable (5 yr.) 167000 Mortgage Payable ($ 13000 due currently) 199000 Salaries and wages Payable 17000 Income Taxes Payable (due 3/15 of 2022) 25000 The total long-term liabilities reported on the balance sheet are $ 3364000. $ 3253000. O $ 335100O. O $ 3266000. The adjusted trial balance for Sheridan Company at the end of the current year, 2021, contained the following accounts. 5-year Bonds Payable 8% $ 2900000 Interest Payable 50000 Premium on Bonds Payable 98000 Notes Payable (3 months.) 42000 Notes Payable (5 yr.) 167000 Mortgage Payable ($ 13000 due currently) 199000 Salaries and wages Payable 17000 Income Taxes Payable (due 3/15 of 2022) 25000 The total long-term liabilities reported on the balance sheet are $ 3364000. $ 3253000. O $ 335100O. O $ 3266000.
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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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