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Carla Vista Company obtains $47,200 in cash by signing a 7%, 6-month, $47,200 note payable to First Bank on July 1 . Carla Vista's fiscal

image text in transcribed Carla Vista Company obtains $47,200 in cash by signing a 7\%, 6-month, $47,200 note payable to First Bank on July 1 . Carla Vista's fiscal year ends on September 30. What information should be reported for the note payable in the annual financial statements? In the balance sheet, Notes Payable of \$ and Interest Payable of \$ should be reported as In the income statement, Interest Expense of \$ should be reported under

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