Question: On December 1 , 2 0 2 2 , Barnes Inc. borrow $ 1 0 0 , 0 0 0 to purchase a new building.

On December 1,2022, Barnes Inc. borrow $100,000 to purchase a new building. The interest rate on the loan is 9% per year and the required payments are $800 per month.
What is the carrying value of the company's loan (Note Payable account only, NOT the related Interest Payable) reported on the 2022 balance sheet?
99,400
On December 1,2022, Barnes Inc. borrow $100,000 to purchase a new

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