A Q1 4-1 Q2. the amount Ey. Bought seeds 12-31 3-31 Ch. 8. 8 Current Liability. Long term Liability Note Bayuble Cose Note signed by What is on I year note @ 6% m What is the JE Inventory borrowed, Plus 4-1-18 the Liabilities due within ! year you due > 1 year for Note is the payable you, a firm promising intores I for $10,000 paying is A/WAYS and 12 months Interest Expense on JE Payable Interest Payuble Interest Expense - Note Payable JE 10,000 x 91 Interest Payalle 6% is .06 = 600 x 9/12 = on 4-1-183 Cash receivable 10,000 450 T 10,000 .06 How to cakulate; principal xannual interest rate x What 12-31-18 2 2/ Commercial puper: Borrowing from u bank m for 450 150 to repay 10,000 15600 anually $450 3-31-19? (pay a 10,000 450 / Jan, F 1) Line of Credit when a company is not s how much money they will use, but they know a 10,600 another cor sad with muturities ranging from 30-2 interest rate is usually lower than on u