Problem a fifteen-year 5330000 13 note payable was issued


Problem: A fifteen-year, 5330,000, 13% note payable was issued on December 31, 2010. The note requires principal payments of $22,000 plus interest due each year beginning December 31, 2011. On December 31, 2015 immediately after the note payment, the balance sheet would show?

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Managerial Accounting: Problem a fifteen-year 5330000 13 note payable was issued
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