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H3Ko H3Ko
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7 years ago
On December 31, 2016, Jerry's, Inc. borrowed $500,000 by signing a five-year, 8% note payable.  The note is payable in five yearly installments of $100,000 plus interest, due at the end of every year beginning on December 31, 2017. What amount represents the current portion of Long-term Notes Payable at December 31, 2016?
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Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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7 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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#3
6 years ago
Thank u
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#4
6 years ago
Thank you
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