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Consider the following note payable transactions of Carlton Video Productions. (Click the icon to view the transactions.) Requirements 1. Jour 2. Con i 31, 2
Consider the following note payable transactions of Carlton Video Productions. (Click the icon to view the transactions.) Requirements 1. Jour 2. Con i 31, 2 More Info tember Requiren explanatid bte Apr. 1, 2 requires a 2018 Apr. 1 Purchased equipment costing $56,000 by issuing a seven-year, 13% note payable. The note requires annual principal payments of $8,000 plus interest each April 1. Dec. 31 Accrued interest on the note payable. 2019 Apr. 1 Paid the first installment on the note. Dec. 31 Accrued interest on the note payable. Date 2018 Apr. 1 Print Done Apr. 1, 2019: Paid the first installment on the note. Date Accounts and Explanation Debit Credit 2019 Dec 31, 2019: Accrued interest on the note payable. Date Accounts and Explanation Debit Credit 2019 Dec. 31 Requirement 2. Considering the given transactions only, what are Carlton Video Productions total liabilities on December 31, 2019? The total liabilities of Carlton Video Productions on December 31, 2019 are $ Choose from any list or enter any number in the input fields and then continue to the next
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