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Current Attempt in Progress Wildhorse Co. receives $390,000 when it issues a $390,000,10%, mortgage note payable to finance the construction of a building at December
Current Attempt in Progress Wildhorse Co. receives $390,000 when it issues a $390,000,10%, mortgage note payable to finance the construction of a building at December 31, 2020. The terms provide for annual installment payments of $67,000 on December 31 . Calculate and explain how the remaining balance of the mortgage note payable is reported in the 12/31/2022 balance sheet
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Auditing & Assurance Services A Systematic Approach
Authors: William F Messier Jr, Steven M Glover, Douglas F Prawitt
11th Edition
1260687635, 1259969444, 9781259969447, 978-1260687637
