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At the beginning of the year, Shinedown, Corp., had a long-term debt balance of $46,755. 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 $46,755. During the year, the company repaid a long-term loan in the amount of $12,630. The company paid $4,795 in interest during the year, and opened a new long-term loan for $11,145. How much is the ending long-term debt account on the company's balance sheet? Multiple Choice $53,105 $6,280 $48,240 $50,065 $45,270
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