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Question 6 The adjusted trial balance for Otam Corp. at the end of the current year, 2020, contained the following accounts. 5-year Bonds Payable
Question 6 The adjusted trial balance for Otam Corp. at the end of the current year, 2020, contained the following accounts. 5-year Bonds Payable 8% $1500000 Interest Payable 50000 Premium on Bonds Payable 150000 Notes Payable (3 mo.) 40000 Notes Payable (5 yr.) 145000 Mortgage Payable ($10000 due currently) 300000 Salaries and Wages Payable 18000 Taxes Payable (due 3/15 of 2018) 25000 The total long-term liabilities reported on the balance sheet are $2095000. $1945000. $2085000. $1935000.
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