Question
The adjusted trial balance for Bonita Industries at the end of the current year, 2021, contained the following accounts. 5-year Bonds Payable 8% $2900000 Interest
The adjusted trial balance for Bonita Industries at the end of the current year, 2021, contained the following accounts.
| 5-year Bonds Payable 8% | $2900000 | ||
| Interest Payable | 52000 | ||
| Premium on Bonds Payable | 101000 | ||
| Notes Payable (3 months.) | 38000 | ||
| Notes Payable (5 yr.) | 167000 | ||
| Mortgage Payable ($15000 due currently) | 198000 | ||
| Salaries and wages Payable | 16000 | ||
| Income Taxes Payable (due 3/15 of 2022) | 23000 |
The total long-term liabilities reported on the balance sheet are
|
| $3265000. |
|
| $3366000. |
|
| $3250000. |
|
| $3351000. |
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Governmental Accounting Auditing And Financial Reporting
Authors: Michele Mark Levine, Todd Buikema
10th Edition
0891250107, 978-0891250104
