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It is not completely correct. I am not sure what is missing. please help 0 Barton Chocolates used a promissory note to borrow $2,000,000 on
It is not completely correct. I am not sure what is missing. please help 0 Barton Chocolates used a promissory note to borrow $2,000,000 on July 1, 2015, at an annual interest rate of 9 percent. The note is to be repaid in yearly installments of $400,000, plus accrued interest, on June 30 of every year until the note is paid in full (on June 30, 2020). Show how the results of this transaction would be reported in a classified balance sheet prepared as of December 31, 2015. (Do not round intermediate 88 oints calculations.) Answer is not complete. BARTON CHOCOLATES Balance Sheet (partial) As of December 31, 2015 Current Liabilities $ Interest Payable 90,000 Current Portion of Long-term Debt 400,000 Total Current Liabilities 490.000
It is not completely correct. I am not sure what is missing. please help
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