Question: 1) calculate the current portion of each note payable 2) calculate the non-current portion of each note payable 3) calculate any interest payable at december
1) calculate the current portion of each note payable 2) calculate the non-current portion of each note payable 3) calculate any interest payable at december 31 2024 Splish Brothers Enterprises has three notes payable outstanding on December 31, 2024, as follows: 1. A six-year, 6%,$63,000 note payable issued on March 31, 2024. Splish Brothers Enterprise 2 answers
Splish Brothers Enterprises has three notes payable outstanding on December 31, 2024, as follows: 1. 2. 3. A six-year, 6%, $63,000 note payable issued on March 31, 2024. Splish Brothers Enterprises is required to pay $12,600 plus interest on March 31 each year starting in 2025. A seven-month, 6%, $30,000 note payable issued on July 1, 2024. Interest and principal are payable at maturity. A 30-month, 4%, $108,000 note payable issued on September 1, 2024. Splish Brothers Enterprises is required to pay $3,600 plus interest on the first day of each month starting on October 1, 2024. All payments are up to date.
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