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1. 2. The adjusted trial balance for Hamilton Corp. at the end of the current year, 2014, contained the following accounts 5-year Bonds Payable 8%
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The adjusted trial balance for Hamilton Corp. at the end of the current year, 2014, contained the following accounts 5-year Bonds Payable 8% $400,000 32,000 Bond Interest Payable 100,000 Discount on Bonds Payable Notes Payable (3 mo.) 40.000 Notes Payable (5 yr.) 65.000 200,000 Mortgage Payable ($22,000 due currently) 18,000 Salaries Payable xt yr) 25.000 The total long-term liabilities reported on the balance sheet are $565,000 $543,000 $743,000 $643,000Step by Step Solution
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