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