On December 1,2024, Modern Deing Products bonowed $97,000 on a 0% 10-year note with annual instaliment payments of $9,700 plus enterest due on December 1 of each succeeding year On December 1, the principal amount was recorded as a long-term note payable What amount of the note payable will be shown as cument portion of Long-Term Nole Payable on the balance sheet as of December 31, 20247 (Round your answer to nearest whole number)
On December 1,2024, Modern Deing Products bonowed $97,000 on a 0% 10-year note with annual instaliment payments of $9,700 plus enterest due on December 1 of each succeeding year On December 1, the principal amount was recorded as a long-term note payable What amount of the note payable will be shown as cument portion of Long-Term Nole Payable on the balance sheet as of December 31, 20247 (Round your answer to nearest whole number)
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 7MC: Lime Co. incurs a $4,000 note with equal principal installment payments due for the next eight...
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![On December 1, 2024 Modern Deing Products borrowed $97,000 on a 0% 10-year note with annual installment payments of $9 700 plus interest due on December 1 of each succeeding year On December 1.
the principal was recorded as a
What amount of the nole will be shown as portion of
20247 (Round your answer to nearest whole number)
Nole Payable on
OA $19,400
OB $15.500
OC. $9,700
OD $5,820](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feeab1928-46dc-45cb-9701-79a1b5472751%2Fb0496269-6b18-42c7-8eab-5ad72d861482%2F1c0jr88i_processed.jpeg&w=3840&q=75)
Transcribed Image Text:On December 1, 2024 Modern Deing Products borrowed $97,000 on a 0% 10-year note with annual installment payments of $9 700 plus interest due on December 1 of each succeeding year On December 1.
the principal was recorded as a
What amount of the nole will be shown as portion of
20247 (Round your answer to nearest whole number)
Nole Payable on
OA $19,400
OB $15.500
OC. $9,700
OD $5,820
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