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N'Jobu Company reported the following liability account balances on December 31, 2022: 6% note payable issued October 1, 2021, maturing October 1, 2023 500,000 800,000
N'Jobu Company reported the following liability account balances on December 31, 2022: 6% note payable issued October 1, 2021, maturing October 1, 2023 500,000 800,000 8% note payable issued April 1, 2021, maturing April 1, 2023 The 2022 financial statements were issued on March 31, 2023. On March 1, 2023, the entire P800,000 balance of 8% note was refinanced by issuance of a long-term obligation payable lump sum. On December 31, 2022, what amount of the note payable should be classified as current? 0 500,000 800,000 1.300,000
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