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Question - The balances of select accounts of McMurray, Inc. as of December 31, 2024 are given below:
Notes Payable-short - term $1,500
Salaries Payable 6,000
Notes Payable-long-term 20,000
Accounts Payable 3,000
Unearned Revenue 2,000
Interest Payable 2,500
The Unearned Revenue is the amount of cash received for services to be rendered in January 2025. Interest Payable will be paid on February 5, 2025. What are the total long-term liabilities shown on the balance sheet at December 31, 2024?
ashleys accessory shop started the year with total assets of 70000 and total liabilities of 40000. during the year the
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