The adjusted trial balance for Lamar Corp. at the end of the current year, 2015, contained the following accounts. 5-year Bonds Payable 8% $1,500,000
Interest Payable 50,000
Premium on Bonds Payable 150,000
Notes Payable (3 mo.) 40,000
Notes Payable (5 yr.) 145,000
Mortgage Payable ($10,000 due currently) 300,000
Salaries and Wages Payable 18,000
Taxes Payable (due 3/15 of 2016) 25,000
The total long-term liabilities reported on the balance sheet are
A) $1,945,000.
B) $1,935,000.
C) $2,095,000.
D) $2,085,000.

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The Answer of The adjusted trial balance for Lamar Corp. at the end of the current year, 2015, contained the following accounts. 5-year Bonds Payable 8% $1,500,000
Interest Payable 50,000
Premium on Bonds Payable 150,000
Notes Payable (3 mo.) 40,000
Notes Payable (5 yr.) 145,000
Mortgage Payable ($10,000 due currently) 300,000
Salaries and Wages Payable 18,000
Taxes Payable (due 3/15 of 2016) 25,000
The total long-term liabilities reported on the balance sheet are
A) $1,945,000.
B) $1,935,000.
C) $2,095,000.
D) $2,085,000.

The Adjusted Trial Balance for Lamar Corp