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On 4-1-2028, Willowby Corporation borrowed $100,000 from American Bank. Willowby issued a 12%, 11 month promissory note payable due 2-28- 2029, with interest payable at

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On 4-1-2028, Willowby Corporation borrowed $100,000 from American Bank. Willowby issued a 12%, 11 month promissory note payable due 2-28- 2029, with interest payable at maturity. On its 12-31-2028 balance sheet Willowby will report current liabilities of

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