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10.4 Financial Statement Presentation A supplier receives a 3-month, 6%, $30,000 promise of payment from a company that could not pay its account. Principal
10.4 Financial Statement Presentation A supplier receives a 3-month, 6%, $30,000 promise of payment from a company that could not pay its account. Principal and interest are due at maturity. How would this be reported on the maker's statement of financial position on the maturity date, but before payment was recorded? Current liabilities: Notes payable, $30,000; Interest payable. $450. O Current liabilities: Accounts payable, $30.450 O Current liabilities: Notes payable. $30,450. O Current assets: Notes receivable: $30,000: Interest receivable, $1,800 Submit Answer
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