Question: cullumber lake corp issues a 6 7 2 0 0 0 , 4 - year 3 % note payable on march 3 1 2 0

cullumber lake corp issues a 672000,4-year 3% note payable on march 312024. the terms provide for fixed principal payments annually of 168000. prepar the journal entries to record the note on March 31,2024 and the first payment on March 31,2025. Also show the balance sheet presentation of the current and non current liabilities related to the note as at march 31,2025
cullumber lake corp issues a 672000,4-year 3% note payable on march

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