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Dread Company issued a five-year interest bearing note payable for $100,000 on January 1, 2019. Each January 1 beginning on January 1, 2020, the company

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Dread Company issued a five-year interest bearing note payable for $100,000 on January 1, 2019. Each January 1 beginning on January 1, 2020, the company is required to pay $20,000 on the note. How will this note be reported on the December 31, 2019 balance sheet

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