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Barton Chocolates used a promissory note to borrow $ 1 , 0 5 0 , 0 0 0 on July 1 , 2 0 2
Barton Chocolates used a promissory note to borrow $ on July at an annual interest rate of percent. The note is to be repaid in yearly installments of $ plus accrued interest, on June of every year until the note is paid in full on June Show how the results of this transaction would be reported in a classified balance sheet prepared as of December Do not round intermediate calculations.
tableBARTON CHOCOLATESBalance Sheet partialAs of December
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