Hyatt Inc. issued a five-year, 7% instalment loan payable, with blended principal and interest payments due annually.

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Hyatt Inc. issued a five-year, 7% instalment loan payable, with blended principal and interest payments due annually. The following instalment payment schedule is partially completed:

(a) Fill in the missing amounts for items [1] to [10]. Round all amounts to the nearest dollar. 

(b) What are the current and non-current portions of the loan at the end of period 3?

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Related Book For  book-img-for-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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