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On September 1, 2018, Able Company purchased a building from Regal Corporation by paying $200,000 cash and issuing a one-year note payable for the balance

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On September 1, 2018, Able Company purchased a building from Regal Corporation by paying $200,000 cash and issuing a one-year note payable for the balance of the purchase price. Interest on the note is stated at an annual rate of 9% and is paid at maturity. In its December 31, 2018, balance sheet, Able correctly presented the note and interest payable as follows: Interest Payable $18,000 Notes Puyable, 9%, due September 1, 2019 $600,000 How much must Ahle pay Regal Corporation on September 1, 2019, when the note matures! 54.000 100.000 1636.000 3610.000 QUESTION 17 On September 1, 2018, Able Company purchased a building from Royal Corporation by paying $200,000 cth und wuing a one-year note payable for the balance of the purchase price. Interest on the note is stated at an annual rate of 9% and is paid at maturity. In its December 31, 2018, balance sheet, Able correctly presented the note and interest payable as follows: Interest Payable $18,000 Notes Payable, 9%, due September 1, 2019 $600,000 5.000 11.500 SO 15.000 QUESTION On September 1, 2016, Able Company purchased a building from Repal Corporation by paying $200,000 cash and installing a one-year note payable for the bulunce of the purchase price. Interest on the note is stated at an annual rate of 9% and is paid at nuturity. In in December 31, 2018, balance sheet, Able correctly presented the note and interest payable as follows: Interest Payable $18.000 Notes Payable, 9%, due September 1, 2019 5600,000 What is the total cash (including interest paid for the building purchased by Able

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