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On July 1, 2020, Swifty Ltd. borrowed $20,000 by signing a two-year, 3% note payable. The note is payable in two annual instalments of $10,452
On July 1, 2020, Swifty Ltd. borrowed $20,000 by signing a two-year, 3% note payable. The note is payable in two annual instalments of $10,452 on June 30. The company records adjusting journal entries annually at year end on December 31. (d) What amount would Swifty report as current and non-current in the liabilities section of its statement of financial position on December 31, 2021? (Round answers to the nearest whole dollar, e.g. 5,255.) SwiftyLtd. Statement of Financial Position (Partial) December 31, 2021 $ $ Total Non-Current Liabilities Non-Current Liabilities Total Current Liabilities Current Liabilities
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