Question: Ch 10 Required Homework Saved Halla Save & Exit Sub 10 M10-7 (Algo) Reporting Interest and Long-term debt, Including Current Portion [LO 10-2] Barton Chocolates

Ch 10 Required Homework Saved Halla Save & Exit Sub 10 M10-7 (Algo) Reporting Interest and Long-term debt, Including Current Portion [LO 10-2] Barton Chocolates used a promissory note to borrow $1,900,000 on July 1, 2021. at an annual interest rate of 7 percent. The note is to be repaid in yearly installments of $380,000, plus accrued interest, on June 30 of every year until the note is paid in full for June 30, 2026). Show how the results of this transaction would be reported in a classified balance sheet prepared as of December 31, 2021 (Do 1.53 not round intermediate calculations.) points BARTON CHOCOLATES eBook Balance Sheet (partial) As of December 31, 2021 Current Assets
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