Valix Finacc vol 2 Problem 1-16

Financial Accounting Volume 2 2008 Valix-Peralta
Chapter 1 Problem 1-16

Problem 1-16  Answer  A

Accounts payable                                                                                                  6,500,000

Note payable – bank                                                                                              3,000,000

Interest payable                                                                                                         150,000

Mortgage note payable                                                                                        2,000,000

Bonds payable                                                                                                         4,000,000

                                                                                                                                  15,650,000