Top Posters
Since Sunday
g
3
3
r
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
H3Ko H3Ko
wrote...
Go to Answer
Posts: 4891
Rep: 45 0
7 years ago
The balances of select accounts of McCarthy, Inc. as of December 31, 2016 are given below:

Notes Payableshort-term   $1,500
Salaries Payable   6,000
Notes Payablelong-term   25,000
Accounts Payable   3,100
Unearned Revenue   2,000
Interest Payable   2,200

The Unearned Revenue is the amount of cash received for services to be rendered in January 2017. Interest Payable will be paid on February 5, 2017.  What are the total long-term liabilities shown on the balance sheet?
A) $6,000
B) $5,100
C) $1,500
D) $25,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 271 times
2 Replies
Replies
Answer verified by a subject expert
TanksTanks
wrote...
#1
Top Poster
Posts: 1274
Rep: 237 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

H3Ko Author
wrote...
#2
7 years ago
I just realized you had posted this! Thanks so much
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  907 People Browsing
 174 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 159
  
 373
  
 50
Your Opinion
What's your favorite funny biology word?
Votes: 328
Previous poll results: Which of the following is the best resource to supplement your studies: