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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 $ in cash by signing a month, $ note payable to First Bank on July Sandhill's fiscal year ends on September 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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