Answered step by step
Verified Expert Solution
Question
1 Approved Answer
View Policies Current Attempt in Progress The following items are taken from the financial statements of the Postal Service for the year ending December 31,
View Policies Current Attempt in Progress The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2018 Accounts payable S 19000 Accounts receivable 11000 Accumulated depreciation - equipment Advertising expense 29000 21000 15000 42000 Cash Common stock Dividends 14000 Depreciation expanse 12000 3000 Insurance expense Note payable, dus 6/30/19 70000 Prepaid insurance (12-month policy 6000 Rent expense 17000 60000 Retained earnings (1/1/16) Salaries and wages expense 32000 133000 Service revenue Supplies 4000 Supplies expense 6000 Equipment 210000 What are total long-term liabilities at December 31, 2018? OSO O $ 38000 O $70000 OS 90000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started