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Use only the accounts that you think are necessary to calculate the amount of liabilities to be classified as Long-Term Liabilities : Accounts Payable $120,000

Use only the accounts that you think are necessary to calculate the amount of liabilities to be classified as Long-Term Liabilities: Accounts Payable $120,000 Bonds Payable $500,000 (due in ten years) Current Portion of a Long-Term Note Payable $20,000 Note Payable $50,000 (due in six months) Note Payable $200,000 (due in thirteen months) Wages Payable $60,000

$700,000.

$720,000.

$250,000.

$770,000.

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