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The adjusted trial balance for Aquaman Corp. at the end of the current year contained the following accounts. 5-year Bonds Payable 8% Bond Interest
The adjusted trial balance for Aquaman Corp. at the end of the current year contained the following accounts. 5-year Bonds Payable 8% Bond Interest Payable Premium on Bonds Payable Notes Payable (3 mo.) Notes Payable (5 yr.) Mortgage Payable ($15,000 due currently) Salaries and Wages Payable Taxes Payable (due 3/15 of next yr) $1,600,000 50,000 100,000 40,000 165,000 200,000 18,000 The total long-term liabilities reported on the balance sheet are 25,000 O $2,050,000 $2,065,000 O $1,950,000 $1,965,000
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