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On September 1, 2021, Daylight Donuts signed a $145.000, 9%, six-month note payable with the amount borrowed plus accrued interest due six months later on

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On September 1, 2021, Daylight Donuts signed a $145.000, 9%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022 Daylight Donuts should report interest payable at December 31, 2021. In the amount of (Do not round your intermediate calculations.) Multiple Choice O 56,525 $4,350 $2.75 United Supply has a $40 million liability at December 31, 2021, of which $8 million is payable in each of the next five years. United Supply reports the liability in the balance sheet as a: Multiple Choice $32 million current liability and a $8 million long term liability O $40 million long-term liability $8 million current ability and a $32 million long-term liability $40 million current liability

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