Question $8$ of $8$

$\frac{-}{10}$

Current Attempt in Progress

Metlock Enterprises has three notes payable outstanding on December $31,2024,$ as follows:

A six$-$year, $6\%,$$$72,000$ note payable issued on March $31,2024.$ Metlock Enterprises is required to pay $$12,000$ plus interest on March $31$ each year starting in $2025.$

A seven$-$month, $4\%,$$$34,800$ tote payable issued on July $1,2024.$ Interest and principal are payable at maturity.

A $30-$month, $6\%,$$$144,000$ note payable issued on September $1,2024.$ Metlock Enterprises is required to pay $$4,800$ plus interest on the first day of each month starting on October $1,2024.$ All payments are up to date.

$($a$)$

Calculate the current portion of each note payable.

Current Portion

Note $1,$$

Note $2,$$

Note $3,$$