The Adjusted Trial Balance for Hamilton Corp The Total Long-Term Liabilities Reported on the Balance Sheet Are

Multiple Choice

The adjusted trial balance for Hamilton Corp. at the end of the current year, 2017, contained the following accounts. $\begin{array}{lr}\text { 5-year Bonds Payable } 8 \% & \$ 1,600,000 \\\text { Bond Interest Payable } & 50,000 \\\text { Premium on Bonds Payable } & 100,000 \\\text { Notes Payable (3 mo.) } & 40,000\\\text { Notes Payable (5 yr.) } & 165,000 \\\text { Mortgage Payable (\$15,000 due currently) } & 200,000 \\\text { Salaries and Wages Payable } & 18,000 \\\text { Taxes Pavable (due } 3 / 15 \text { of next yr) } & 25,000\end{array}$ The total long-term liabilities reported on the balance sheet are

A) $1,965,000
B) $1,950,000
C) $2,065,000
D) $2,050,000