the adjusted trial balance for otam corp. at the end of the current year, 2017, contained the following accounts. 5-year bonds payable 8% $1,500,000 interest payable 50,000 premium on bonds payable 150,000 notes payable (3 mo.) 40,000 notes payable (5 yr.) 145,000 mortgage payable ($10,000 due currently) 300,000 salaries and wages payable 18,000 taxes payable (due 3/15 of 2018) 25,000 the total long-term liabilities reported on the balance sheet are
