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Sandhill Company obtains $ 3 9 , 2 0 0 in cash by signing a 7 % , 6 - month, $ 3 9 ,

Sandhill Company obtains $39,200 in cash by signing a 7%,6-month, $39,200 note payable to First Bank on July 1. Sandhill's fiscal year ends on September 30. What information should be reported for the note payable in the annual financial statements?In the balance sheet,Notes Payable of $_____should be reported as ____.Interest Payable of $________and interest Payable of $________should be reported under_____

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