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At the beginning of the year, Shinedown, Corp., had a long-term debt balance of $45,505. 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 $45,505. During the year, the company repaid a long-term loan in the amount of $10,880. The company paid $3,845 in interest during the year, and opened a new long-term loan for $9,695. How much is the ending long-term debt account on the company's balance sheet? Multiple Choice $5,030 $51,355 $46,690 $48,165 $44,320
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