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3. Indicate how the note and the accrued interest would appear in the balance sheet at December 31, 2023. Among the current liabilities: Short-term notes
3. Indicate how the note and the accrued interest would appear in the balance sheet at December 31, 2023. Among the current liabilities: Short-term notes payable Interest payable Feedback Check My Work 3. Consider the balances for the accounts affected by the journal entries and where these accounts are included in the financial statements. 4. Prepare the entry to record the repayment of the note on May 1, 2024. If an amount box does not require an entry, leave it blank. 2024 May 1 (Record payment of note and interest) Feedback Check My Work
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