Knowledge Check

A$.$ On October $1,$ Carla Vista Products borrows cash on a $$14,400,7-$month, $6\%$ note. How much does Carla Vista Products report

as total current liabilities at December $31?$

Total Current Liabilities

$

B$.$ On January $1,2027,$ assume that Sandhill Products issues a ten$-$year, $5\%,$ interest$-$bearing $$44,000$ note, in which equal

payments of $$4,400$ must be made each January $1$ starting January $1,2028.$ Interest due on the note is paid annually. How much

are its total current liabilities at December $31,2028?$

Total Current Liabilities

$