rning Objective 5 &6 E9-358. Classifying notes payable as current or long-term (Learning O 10-15 min. Bon Secour Medical Group borrowed $600,000 on July 1, 2010, by interest each July 1 for the next three years. Requirement 1. Insert the appropriate amounts to show how Bon Secour would re annual installments long-term note payable that must be paid in three equal annls a port its cut. rent and long-term liabilities. December 31 20102011 2012 Current Liabilities: Current Portion of Long-Term Note Payable $ Interest Payable Long-Term Liabilities Long-Term Note Payable