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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 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:
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TanksTanks
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8 years ago
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H3Ko Author
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#2
8 years ago
I just realized you had posted this! Thanks so much
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