Business, 04.07.2020 05:01 sliverx201
On December 1, 2016, Fine Dining Products borrowed $84,000 on a 12%, five-year note with annual installment payments of $16,800 plus interest due on December 1 of each succeeding year. On December 1, the principal amount was recorded as a long-term note payable. What amount of the note payable will be shown as current portion of long-term notes payable on the balance sheet as of December 31, 2016? (Round your answer to nearest whole number.)
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On December 1, 2016, Fine Dining Products borrowed $84,000 on a 12%, five-year note with annual inst...
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