Question
As of December 31, 2021, Desert Company reports that the balance of its Notes payable account consists of the following: A $33329 note due on
As of December 31, 2021, Desert Company reports that the balance of its Notes payable account consists of the following:
A $33329 note due on April 30, 2022
A $51467 note due on September 1, 2025
A $60205 note is due in three equal annual installments. The next installment is due February 15, 2022
What does Desert Company report as current liabilities on its December 31 2021 Balance sheet?
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Financial Accounting
Authors: Walter B. Meigs, Robert F. Meigs, Mark Bettner, Ray Whittington
9th Edition
0070434360, 978-0070434363
