Question: Determine The Amount Of Long-term Debt For ABC Co. Using The Following Balance Sheet Information: Cash Balance Of $24,687, Accounts Payable Of 595,814, Common Stock Of $401,194, Retained Earnings Of $500,298, Inventory Of $205,834, Other Assets Equal To $77,153, Net Plant And Equipment Of $707,543, Short-term Notes Payable Of $30,000, And Accounts Receivable…

Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,687, accounts payable of 595,814, common stock of $401,194, retained earnings of $500,298, inventory of $205,834, other assets equal to $77,153, net plant and equipment of $707,543, short-term notes payable of $30,000, and accounts receivable of $142,506. Long-Term Debt