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At the beginning of the year, Shinedown, Corporation, had a long-term debt balance of $46,630. During the year, the company repaid a long-term loan in
At the beginning of the year, Shinedown, Corporation, had a long-term debt balance of $46,630. During the year, the company repaid a long-term loan in the amount of $12,455. The company paid $4,700 in interest during the year, and opened a new long-term loan for $11,000. How much is the ending long-term debt account on the company's balance sheet?
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$6,155
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$48,085
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$45,175
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$52,930
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