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At the beginning of the year, Shinedown, Corp., had a long-term debt balance of $46,005. 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 $46,005. During the year, the company repaid a long-term loan in the amount of $11,580. The company paid $4,225 in interest during the year, and opened a new long-term loan for $10,275. How much is the ending long-term debt account on the company's balance sheet?
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