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
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
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 8RE
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The adjusted
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
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