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On December 1,2024, Modern Dining Products borrowed $89,000 on a 9%,8-year note with annual installment payments of $11,125 plus interest due on December 1 of
On December 1,2024, Modern Dining Products borrowed $89,000 on a 9%,8-year note with annual installment payments of $11,125 plus interest due on December 1 of each succeeding year. On December 1 , the principal amount was recorded as a long - term note payable. What amount of the note payable will be shown as current portion of Long - Term Note Payable on the balance sheet as of December 31, 2024? (Round your answer to neares whole number.) A. $19,135 B. $8,010 C. $22,250 D. $11,125
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