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Business, 06.12.2021 21:40 DESIRE44030

The adjusted trial balance for Novak Corp. at the end of the current year contained the following accounts. 5-year Bonds Payable 8% $1550000
Bond Interest Payable 49000
Premium on Bonds Payable 97000
Notes Payable (3 mo.) 39000
Notes Payable (5 yr.) 160000
Mortgage Payable ($15000 due currently) 194000
Salaries and Wages Payable 17000
Taxes Payable (due 3/15 of next yr) 24000

The total long-term liabilities reported on the balance sheet are:

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