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On April 1, 2021, the Electronic Superstore borrows $20 million of which $7 million is due in 2022. Show how the company would report the
On April 1, 2021, the Electronic Superstore borrows $20 million of which $7 million is due in 2022. Show how the company would report the $20 million debt on its December 31, 2021 balance sheet. (Enter your answers in dollars not In millions. For example, $7,000,000 rather than $7 million.) ELECTRONIC SUPERSTORE Partial Balance Sheet December 31, 2021 Current liabilities: Long-term liabilities: Total liabilities
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