Vaughn luxuries company issued a four-year interest-bearing note payable for $599000 on January 1, 2020 each January
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Vaughn luxuries company issued a four-year interest-bearing note payable for $599000 on January 1, 2020 each January the company is required to pay $149750 on the note how will this note be reported on the December 31, 2021 balance sheet?
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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