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Help Save & Exit On December 31, 2021, L Inc. had a $3,300,000 note payable outstanding due July 31, 2022. L borrowed the money
Help Save & Exit On December 31, 2021, L Inc. had a $3,300,000 note payable outstanding due July 31, 2022. L borrowed the money to finance construction of a new plant L planned to refinance the note by issuing long-term bonds. Because L temporarily had excess cash, it prepaid $680.000 of the note on January 23, 2022. n February 2022, L completed a $4,800,000 bond offering. I will use the bond offering proceeds to repay the note payable at its maturity and to pay construction costs during 2022. On March 13, 2022. L Issued its 2021 financial statements. What amount of the note payable should include in the current lattes section of Its December 31, 2021, balance sheet? Multiple Choice $680,000 $0. $3,300,000 $2.620.000 Subne
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