The adjusted trial balance for Lifesaver Corp. at the end of the current year, 2017, contained...
The adjusted trial balance for Lifesaver Corp. at the end of the current year, 2017, contained the following accounts.
5-year Bonds Payable 8% $2,500,000
Interest Payable 50,000
Notes Payable (3 mo.) 40,000
Notes Payable (5 yr.) 165,000
Mortgage Payable ($15,000 due currently) 200,000
Salaries and Wages Payable 18,000
Taxes Payable (due 3/15 of 2018) 25,000
The total non-current liabilities reported on the statement of financial position are
Group of answer choices
A. $2,750,000
B. $2,850,000
C. $2,865,000
D. $2,765,000
Homework Answers
| Non Current liabilities | |||||
| 5 - year Bonds payable 8% | 2,500,000 | ||||
| Notes payable | 165,000 | ||||
| Mortgage payable | (200,000-15,000) | 185000 | |||
| Non current liabilities | 2,850,000 | ||||
| Answer) | option b | ||||
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The adjusted trial balance for Lifesaver Corp. at the end of the
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