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42 On July 1, 2020, ABC Company issued a five-year note payable with a face amount of P5,000,000 and an interest rate of 10%. The
42 On July 1, 2020, ABC Company issued a five-year note payable with a face amount of P5,000,000 and an interest rate of 10%. The terms of the note require ABC Company to make five annual payments of P1,000,000 plus accrued interest with first payment due on June 30, 2021. With respect to the note, the current liabilities section of ABC Company December 31, 2021, balance sheet should include: To input answers, kindly follow the sample format below(no peso sign, with comma, no space): ex. 100,000 Failure to follow the format will invalidate your answer. (1 Point) Enter your
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