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Consider the following loan schedule: Payment ($) Interest ($) Principal ($) Balance ($) 30 June 2018 600,000 30 June 2019 120,000 51,000 69,000 531,000 30
Consider the following loan schedule:
| Payment ($) | Interest ($) | Principal ($) | Balance ($) | |
| 30 June 2018 | 600,000 | |||
| 30 June 2019 | 120,000 | 51,000 | 69,000 | 531,000 |
| 30 June 2020 | 120,000 | 45,135 | 74,865 | 456,135 |
| 30 June 2021 | 120,000 | 38,771 | 81,229 | 374,906 |
| 30 June 2022 | 120,000 | 31,867 | 88,133 | 286,774 |
| 30 June 2023 | 120,000 | 24,376 | 95,624 | 191,149 |
State the amount that would be reported as a non-current liability on 30 June 2021.
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Modeling And Designing Accounting Systems Using Access To Build A Database
Authors: Laura R. Ingraham, C. Janie Chang
1st Edition
0471450871, 978-0471450870
