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Current Portion of Long-Term Debt Connie's Bistro, Inc. reported Long-term debt is comprised of the following the following information about its long-term debt in the
Current Portion of Long-Term Debt Connie's Bistro, Inc. reported Long-term debt is comprised of the following the following information about its long-term debt in the notes to a recent financial statement: December 31 Current Preceding Year Year 854,500 $470,000 (247,800) (230,700) $606,700 $239,300 Total Notes payable Less current portion Long-term debt a. How much of the notes payable was disclosed as a current liability on the current year's December 31 balance sheet? the current year as a result of the current portion of long-term debt? c. If Connie's Bistro did not issue additional long-term debt next year, what would be the total notes payable on December 31 of the upcoming year
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