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Crane company obtains $41,600 in cash by signing a 7%, 6-month, $41,600 note payable to First Bank on july 1, Crane's fiscal year ends on
Crane company obtains $41,600 in cash by signing a 7%, 6-month, $41,600 note payable to First Bank on july 1, Crane's fiscal year ends on septemeber 30. What information should be reported for the note payable in the annual financial statements
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