Quiz: Chapter 4 Exam Time Remaining: 01:1307 Submit Quiz This Question: 6 pts 3

Question

Quiz: Chapter 4 Exam Time Remaining: 01:1307 Submit Quiz This Question: 6 pts 3 of 11 (1 complete) This Quiz: 100 pts possible Question Help The balances of select accounts of McMurray, Inc. as of December 31, 2018 are given below Notes Payable-short-term Salaries Payable Nctes Payable-long-term Accounts Payable Unearned Revehue Interest Payable $1,000 3,000 23,000 3.500 2,000 2.300 The Unearned Revenue is the amount of cash received for services to be rendeted in January 2019. Interest Payable will be paid on February 52019. What are the total long-term liablnes shown on the balance sheet at December 31, 2018? OA $1,000 OB. $3000 O C. $23,000 OD. $5,500

Explanation / Answer

Answer c) 23000 $

Notes Payable only is the Long term liability of the year 31/12/2018 ( Amount is $23000).

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.