Assume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments:

2018, $5,500

2019, $3,590

2020, $2,370

2021, $1,020

On December 31, 2019, the total long term liabilities will be $______

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Big Three Co issue its $43,100 bonds at a price of 94.3 the company will debit cash for $_______________

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Best Buy sells a television to a customer for $1,600 on account. Best Buy also collects 6 percent sales tax.

What is the increase to stockholders' equity?

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Big Three Co issue its $96,300 bonds at a price of 105 the company will credit bonds payable for $_______________

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