The balances of select accounts of McCarthy Company as of December 31, 2016 are given below: 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) $1,300
B) $5,000
C) $5,400
D) $21,000

Question

The balances of select accounts of McCarthy Company as of December 31, 2016 are given below:  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) $1,300 
B) $5,000 
C) $5,400 
D) $21,000

Quizplus · Accepted Answer

The Answer of The balances of select accounts of McCarthy Company as of December 31, 2016 are given below:  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) $1,300 
B) $5,000 
C) $5,400 
D) $21,000

The Balances of Select Accounts of McCarthy Company as of December