Question: Please correct question 1, as its almost all wrong. Thanks! Blossom Lake Corp. issues a $660,000, 4-year, 3% note payable on March 31, 2021. The

Please correct question 1, as its almost all wrong. Thanks!  Please correct question 1, as its almost all wrong. Thanks! Blossom
Lake Corp. issues a $660,000, 4-year, 3% note payable on March 31,
2021. The terms provide for fixed principal payments annually of $165,000. Show
the balance sheet presentation of the current and non-current liability related to
the note as at March 31, 2022. BLOSSOM LAKE CORP. Balance Sheet

Blossom Lake Corp. issues a $660,000, 4-year, 3% note payable on March 31, 2021. The terms provide for fixed principal payments annually of $165,000. Show the balance sheet presentation of the current and non-current liability related to the note as at March 31, 2022. BLOSSOM LAKE CORP. Balance Sheet (Partial) For the Year Ended March 31, 2022 Non-Current Liabilities Notes Payable 330000 Current Liabilities Notes Payable 165000 For the Month ended March 31, 2022 For the Year ended March 31, 2022 March 31, 2022 how the balance sheet presentation of the current and non current liability related to the notes at March 31, 2022 BLOSSOM LAKE CORP. Balance Sheet (Partial) Non-current liabilities Shareholder's Equity Current Assets Property, plants and equipment Current Liabilities Non-current liabilities Property, plants and equipment Shareholder's Equity Current Assets Current Liabilities 19 Wildhorse Corporation issued $3.54 million of 7- year, 6% bonds dated January 1, 2021, for $3,166,065. The market interest rate when the bonds were issued was 8%. Interest is payable semi-annually on January 1 and July 1. Wildhorse has a December 31 year end. Prepare the adjusting journal entry on December 31, 2021, to accrue the interest expense. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and entero for the amounts.) Account Titles and Explanation Debit Credit Date Dec. 31, 2021 (To accrue interest expense.)

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