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Question4 Bridgeport Corp. issued a $ 43,000, 12%, 15-year installment note payable on January 1, 2017. Payments of $ 6,313 are made each January 1,
Question4 Bridgeport Corp. issued a $ 43,000, 12%, 15-year installment note payable on January 1, 2017. Payments of $ 6,313 are made each January 1, beginning January 1, 2018. (a) What amounts should be reported under current liabilities related to the note on December 31,2017 (b) What should be reported under long-term liabilities? (Round answers to O decimal places, eg. 5,275.) BRIDGEPORT CORP Balance Sheet (Partial) December 31, 2017 Current Liabilities Notes Payable Interest Payable Long-term Liabilities Notes Payable
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