How to record the long-term notes payable on the balance, Accounting Basics

+44 141 628 6080
[email protected]

How to record the long-term notes payable on the balance

How to record the long-term notes payable on the balance sheet for the below homework.

A five-year, $100,000, 4% note payable was issued on December 31, 2014. The note requires principal payments of $20,000 plus interest due each year beginning December 31, 2015. On December 31, 2016, immediately after the note payment, the balance sheet would show?

Attachment:- Detailed Explanation.rar

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How to record the long-term notes payable on the balance

Reference No:- TGS02944418

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Create sequential program to determine for all integers

programming assignment 1 a prime number is a positive integer evenly divisible by exactly two positive integers itself

Q : Develop a database for microcomputer lab management you

develop a database for microcomputer lab management you want to keep track of the following informationthe information

Q : Please explain what is ssd and does the device driver

please explain what is ssd and does the device driver interface to a disk change dramatically if the disk is a ssd

Q : A computer store sells computer supplies one of its

a a computer store sells computer supplies one of its products is white paper for laser printers stock number 2085511w

Q : How to record the long-term notes payable on the balance

how to record the long-term notes payable on the balance sheet for the below homeworka five-year 100000 4 note payable

Q : What business-level strategy does mcdonalds employ is it

case mcdonalds corpthe case is written from the perspective of mcdonalds ceo steve easterbrook dated approximately six

Q : Produce exactly to meet demand vary the workforce constant

kafue steel has recorded the monthly forecast for one of its products mild steel grade aisi 1023 rods for january

Q : Robust data loading poses a challenge in database systems

robust data loading poses a challenge in database systems because the input data are often dirty in many cases an input

Q : Explain huffman coding to me ie how it works with examples

explain huffman coding to me ie how it works with examples in a clean precise

1958787

Questions
Asked

3,689

Active Tutors

1454254

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Follow-up of pelvic inflammatory disease

Question: A 25-year-old sexually active single female is being seen for follow-up of pelvic inflammatory disease (PID).

What factor decreases the risk for congenital anomalies

Question: Which factor in a type 1 diabetic pregnant patient decreases the risk for congenital anomalies?

Orientating a new nurse practitioner at your office

You are orientating a new nurse practitioner at your office and he has some generalized questions about bipolar disorder.

What is true regarding human subjects research

Which of the following is TRUE regarding human subjects research? A. The IRB must review the study protocol prior to the start of the study

Factors in patient history that not consistent with delirium

The factor or factors in the patient history that are NOt consistent with delirium are:

Write principles for effective forms design

Which of the following principles for effective forms design tries to stay with the normal left to right top down flow that people are used to?

Provide referral to a weight loss group or organization

A family nurse practitioner was invited to speak to a group of patients that have been diagnosed with anorexia, bulimia, and other eating disorders.