The notes payable account consists of the following:  a. a $50,000 note due in six months.  b. a $100,000 bond due in eight years.  c. a $150,000 note due in six annual installments of $25,000 each, with the next installment due Nov. 1, 2017.  *Interest on all notes has been properly accrued and is included in accrued expenses. 

Required:

After all corrections have been made, determine the correct amount of Current Assets:

 

Answer rating: 100% (QA)

To determine the correct amount of Current Assets after all corrections have been made for the notes ... View the full answer