7) Stardust Company issued a five-year, interest-bearing note payable for $50,000 on January 1, 2013 Each January, Stardust is required to pay $10,000 principal on the note. What is the amount that will be reported on the current portion of long-term notes payable on the December 31, 2014 balance sheet? A) $10,000 B) $40,000 C) $30,000 D) $20,000 8) Camrey Company issued a five-year, interest-bearing note payable for $50,000 on January 1, 2013. Each January Camrey is required to pay $10,000 principal on the note. What is the amount that will be reported on the long-term portion of long-term notes payable on the December 31, 2014 balance sheet? A) $10,000 B) $40,000 C) $30,000 D) $20,000 Table 11-2 A $6,000, 120-day, 8% note payable is signed at the bank on October 2, 2013 to borrow cash for the purchase of a car. 9) Referring to Table 11-2, what is the amount of cash that is payable at the maturity of the note? A) $6,157.81 B) $5,921.16 C) $5,842.19 D) $6,000.00 10) Referring to Table 11-2, the adjusting entry on December 31, 2013, would include a: A) debit to Interest Expense for $147.81. B) credit to Interest Expense for $118.36. C) debit to Note Payable for $118.36. D) credit to Interest Payable for $118.3