At the beginning of the year, Boo Boo Records had a long-term debt balance of
$46,130
. During the year, the company repaid a long-term loan in the amount of
$11,755
. The company paid
$4,320
in interest during the year, and opened a new long-term loan for
$10,420
. How much is the ending long-term debt account on the company's balance sheet?

Question

At the beginning of the year, Boo Boo Records had a long-term debt balance of

$46,130

. During the year, the company repaid a long-term loan in the amount of

$11,755

. The company paid

$4,320

in interest during the year, and opened a new long-term loan for

$10,420

. How much is the ending long-term debt account on the company's balance sheet?

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