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Other Fields Homework Help Accounting Topic started by: bravata on Feb 21, 2017



Title: Tazo Inc. signed a $30,000 10% 15-year installment note on December 1, 2014. The note requires ...
Post by: bravata on Feb 21, 2017
Tazo Inc. signed a $30,000 10% 15-year installment note on December 1, 2014. The note requires quarterly payments of $500 plus interest on March 1, June 1, September 1, and December 1 of each year. How will Budget Auto classify this loan on its December 31, 2014 Balance Sheet?
A) Current Portion of Long-term debt, $1,000; Long-term debt, $29,000
B) Current Portion of Long-term debt, $2,000; Long-term debt, $28,000
C) Current Portion of Long-term debt, $500; Long-term debt, $29,500
D) Current Portion of Long-term debt, $1,500; Long-term debt, $28,500


Title: Re: Tazo Inc. signed a $30,000 10% 15-year installment note on December 1, 2014. The note requires ...
Post by: largerthanlife on Feb 21, 2017
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Title: Re: Tazo Inc. signed a $30,000 10% 15-year installment note on December 1, 2014. The note requires ...
Post by: bravata on Jul 12, 2017
Thank you so much

I wish I knew about this years ago


Title: Re: Tazo Inc. signed a $30,000 10% 15-year installment note on December 1, 2014. The note requires ...
Post by: Ren Smith on Oct 8, 2020
thank you


Title: Re: Tazo Inc. signed a $30,000 10% 15-year installment note on December 1, 2014. The note requires ...
Post by: Cinthia Avilez on Nov 28, 2020
Thank you


Title: Re: Tazo Inc. signed a $30,000 10% 15-year installment note on December 1, 2014. The note requires ...
Post by: Jordan Barr on Jan 28, 2021
Thanks!