On November 1, 2018, 1Products borrowed$59,000on a8%,8year note with annual installment payments of $7,375plus interest due on November 1 of each succeeding year. On November 1, 2020, what is the balance of theLongTermNotes Payable account? (Round your answer to nearest whole number.)

Great Lake Glassware Company issues of its %, 10year bonds at on February 28, 2018. The bonds pay interest on February 28 and August 31. Assume that Great Lake uses the straightline method for amortization. The journal entry to record the first interest payment on August 31, 2018 includes a ___?_____.

On July 1, 2018, Jordie Equipment Dealer issued $530,000 of 8% bonds payable that mature in nine years. These bonds were issued at face value and pay interest each June 30 and December 31. Each semiannual interest payment is $21,200. true or false