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On April 15, 2019, Powell Inc. obtained a six-month working capital loan from its bank. The face amount of the note signed by the treasurer

On April 15, 2019, Powell Inc. obtained a six-month working capital loan from its bank. The face amount of the note signed by the treasurer was $234,200. The interest rate charged by the bank was 5.25%. The bank made the loan on a discount basis c. What is the amount of the current liability related to this loan to be shown in the June 30, 2019, balance sheet? Current liability

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