A hospitality compOne of the principal and most welcome advantages of a computerized accounting system is its capability to automatically:any is the maker of an $18,000 note to be paid in quarterly installments of $3,000 each. The first payment is to be made on June 30. How will the note be represented on the balance sheet for May 31 ?

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On the balance sheet for May 31 the 18000 note payable would b... View the full answer