Question

Suppose MegaStore, Inc., signed a $750,000, 15-year, 10% note payable to finance the expansion of its business on January 1, 2010. The terms provide for semiannual payments of $49,000 on June 30 and December 31, 2010. On the December 31, 2010, balance sheet, how much will MegaStore show as the principal of this note payable?



$1.99
Sales0
Views147
Comments0
  • CreatedSeptember 01, 2014
  • Files Included
Post your question
5000