=+Notes payable $19,210,000 $10,470,000 Less current portion (5,487,000) (5,110,000) _____ _ Long-term debt $13,723,000 $ 5,360,000 _______

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=+Notes payable $19,210,000 $10,470,000 Less current portion (5,487,000) (5,110,000) ___________ ___________ Long-term debt $13,723,000 $ 5,360,000 ___________ ___________ ___________ ___________

a. How much of the notes payable was disclosed as a current liability on the December 31, 2006, balance sheet?

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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=+Notes payable $19,210,000 $10,470,000 Less current portion (5,487,000) (5,110,000) ___________ ___________ Long-term debt $13,723,000 $ 5,360,000 ___________

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=+Notes payable $19,210,000 $10,470,000 Less current portion (5,487,000) (5,110,000) _____ _ Long-term debt $13,723,000 $ 5,360,000 _______