{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-07T23:19:47-04:00", "answer_date": "2024-06-07 23:19:47", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2446686", "url": "\/study-help\/questions\/gary-has-the-following-obligations-at-december-3-1-2446686", "question_creation_date_js": "2024-06-07T23:19:47-04:00", "question_creation_date": "Jun 07, 2024 11:19 PM", "meta_title": "[Solved] Gary has the following obligations at Dec | SolutionInn", "meta_description": "Answer of - Gary has the following obligations at December 3 1 , 2 0 2 5 : Note payable due in monthly installments of $ 6 4 , 0 0 | SolutionInn", "meta_keywords": "gary,obligations,december,3,1,2,5,note,payable,due,monthly,installments", "question_title_h1": "Gary has the following obligations at December 3 1 , 2 0 2 5 : Note payable due in monthly installments of $ 6 4", "question_title": "Gary has the following obligations at December 3 1 , 2 0", "question_title_for_js_snippet": "Gary has the following obligations at December 3 1 , 2 0 2 5 Note payable due in monthly installments of $ 6 4 , 0 0 0 , including interest, through November 3 0 , 2 0 2 6 Note payable due in monthly installments of $ 3 8 , 4 0 0 , including interest, through January 3 1 , 2 0 2 7 Note payable originally due in quarterly installments of $ 7 6 , 8 0 0 including interest through March 3 1 , 2 0 2 6 but refinanced on December 3 1 , 2 0 2 5 for quarterly installments of $ 1 0 2 , 4 0 0 including interest through October 3 1 , 2 0 3 1 Note payable issued on March 3 1 , 2 0 2 5 for $ 6 4 0 , 0 0 0 at 6 interest Interest is paid every month and principal is due March 3 1 , 2 0 2 7 Note payable issued on March 3 1 , 2 0 2 5 for $ 1 , 2 8 0 , 0 0 0 at 6 interest Interest and principal are due March 3 1 , 2 0 2 6 Simple interest is used ( a ) How much should Gary include in current liabilities at December 3 1 , 2 0 2 5 Current liabilities at December 3 1 , 2 0 2 5 $", "question_description": "\"image
Gary has the following obligations at December <\/span>3<\/mn>1<\/mn>,<\/mo>2<\/mn>0<\/mn>2<\/mn>5<\/mn><\/mrow><\/math> :<\/span> <\/div>
Note payable due in monthly installments of $<\/span>6<\/mn>4<\/mn>,<\/mo>0<\/mn>0<\/mn>0<\/mn>,<\/mo><\/mrow><\/math> including interest, through November <\/span>3<\/mn>0<\/mn>,<\/mo>2<\/mn>0<\/mn>2<\/mn>6<\/mn>.<\/mo><\/mrow><\/math> <\/div>
Note payable due in monthly installments of $<\/span>3<\/mn>8<\/mn>,<\/mo>4<\/mn>0<\/mn>0<\/mn>,<\/mo><\/mrow><\/math> including interest, through January <\/span>3<\/mn>1<\/mn>,<\/mo>2<\/mn>0<\/mn>2<\/mn>7<\/mn>.<\/mo><\/mrow><\/math> <\/div>
Note payable originally due in quarterly installments of $<\/span>7<\/mn>6<\/mn>,<\/mo>8<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> including interest through March <\/span>3<\/mn>1<\/mn>,<\/mo><\/mtext>2<\/mn>0<\/mn>2<\/mn>6<\/mn><\/mrow><\/math> but refinanced on December <\/span>3<\/mn>1<\/mn>,<\/mo>2<\/mn>0<\/mn>2<\/mn>5<\/mn><\/mrow><\/math> for quarterly installments of $<\/span>1<\/mn>0<\/mn>2<\/mn>,<\/mo>4<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> including interest through October <\/span>3<\/mn>1<\/mn>,<\/mo>2<\/mn>0<\/mn>3<\/mn>1<\/mn>.<\/mo><\/mrow><\/math> <\/div>
Note payable issued on March <\/span>3<\/mn>1<\/mn>,<\/mo>2<\/mn>0<\/mn>2<\/mn>5<\/mn><\/mrow><\/math> for $<\/span>6<\/mn>4<\/mn>0<\/mn>,<\/mo>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> at <\/span>6<\/mn>%<\/mo><\/mrow><\/math> interest. Interest is paid every month and principal is due March <\/span>3<\/mn>1<\/mn>,<\/mo>2<\/mn>0<\/mn>2<\/mn>7<\/mn>.<\/mo><\/mrow><\/math> <\/div>
Note payable issued on March <\/span>3<\/mn>1<\/mn>,<\/mo><\/mtext>2<\/mn>0<\/mn>2<\/mn>5<\/mn><\/mrow><\/math> for $<\/span>1<\/mn>,<\/mo>2<\/mn>8<\/mn>0<\/mn>,<\/mo>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> at <\/span>6<\/mn>%<\/mo><\/mrow><\/math> interest. Interest and principal are due March <\/span>3<\/mn>1<\/mn>,<\/mo><\/mtext>2<\/mn>0<\/mn>2<\/mn>6<\/mn>.<\/mo><\/mrow><\/math> Simple interest is used.<\/span> <\/div>
(<\/mi><\/mrow><\/math>a<\/span>)<\/mi><\/mrow><\/math> <\/div>
How much should Gary include in current liabilities at December <\/span>3<\/mn>1<\/mn>,<\/mo><\/mtext>2<\/mn>0<\/mn>2<\/mn>5<\/mn>?<\/mo><\/mrow><\/math> <\/div>
Current liabilities at December <\/span>3<\/mn>1<\/mn>,<\/mo><\/mtext>2<\/mn>0<\/mn>2<\/mn>5<\/mn><\/mrow><\/math> <\/div>
$<\/span><\/div><\/span> <\/div><\/div> \"image", "transcribed_text": "", "related_book": { "title": "Financial accounting", "isbn": "9780135114933, 136108865, 978-0136108863", "edition": "8th Edition", "authors": "Walter T. Harrison, Charles T. Horngren, William Bill Thomas", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/196.jpg", "uri": "\/textbooks\/financial-accounting-8th-edition-196", "see_more_uri": "" }, "free_related_book": { "isbn": "1503940403", "uri": "\/textbooks\/the-trapped-girl-1st-edition-9781503940406", "name": "The Trapped Girl", "edition": "" }, "question_posted": "2024-06-07 23:19:47", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/during-your-audit-of-wilcoxon-sports-inc-a-retail-chain", "description": "During your audit of Wilcoxon Sports, Inc., a retail chain of stores, you learn that a programmer made an unauthorized change to the sales application program even though no work on that application...", "stars": 3 }, { "url": "\/study-help\/understanding-management\/discuss-contemporary-hrm-role-expectations-for-elected-and-appointed-officials-1914102", "description": "Discuss contemporary HRM role expectations for elected and appointed officials, HR directors and specialists, and managers. 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