Below Is a List of Various Balance Sheet Accounts and Their

question 137

Multiple Choice

Below is a list of various balance sheet accounts and their balances. Debit Credit
$\begin{array}{|l|r|r|}\hline \text { Notes payable-short term } & & \$ 800 \\\hline \text { Salary payable } & & 3,600 \\\hline \text { Notes payable-long term } & & 20,000 \\\hline \text { Accounts payable } & & 2,200 \\\hline \text { Unearned revenue } & & 1,000 \\\hline \text { Interest payable } & & 2,200\\\hline \end{array}$ What are the total long-term liabilities that would be shown on the balance sheet?

• A) $29,800
• B) $9,000
• C) $9,800
• D) $20,000

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Definitions:

Taliban

An Islamic fundamentalist group primarily based in Afghanistan, known for its strict interpretation of Sharia law and involvement in the Afghan conflict.

December 2001

A specific time referencing notable events or conditions during that month and year.

War

Organized, armed conflict between groups, such as nations or parties, characterized by hostility and violence aimed at achieving political, economic, or social objectives.