Question: i already tried notes payable, interest payable, accounts payable, discount on bonds payable and nothing from the accounts above was right. Thanks for the help
Ayayai Corp. issued a $74,000,10%,10-year installment note payable on January 1,2025 . Payments of $11,840 are made eac January 1, beginning January 1,2026. (a) What amounts should be reported under current liabilities related to the note on December 31,2025 ? (b) What should be reported under long-term liabilities
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