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13) At the beginning of the year, Shinedown Corporation had a long-term debt balance of $47,255. During the year, the company repaid a long-term loan
13) At the beginning of the year, Shinedown Corporation had a long-term debt balance of $47,255. During the year, the company repaid a long-term loan in the amount of $13,330. The company paid $5,175 in interest during the year, and opened a new long-term loan for $11,725. How much is the ending long-term debt account on the company's balance sheet?
A) $48,860 B) $45,650 C) $53,805 D) $50,825 E) $6,780
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