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At the beginning of the year, Shinedown, Corp., had a long-term debt balance of $47,005. During the year, the company repaid a long-term loan in
At the beginning of the year, Shinedown, Corp., had a long-term debt balance of $47,005. During the year, the company repaid a long-term loan in the amount of $12,980. The company paid $4,985 in interest during the year, and opened a new long-term loan for $11,435. How much is the ending long-term debt account on the company's balance sheet? Multiple Choice o $6,530 o $45,460 o $48,550 o $50,445 C $53 455
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