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SHOW LIST OF ACCOUNTS LINK TO TEXT Compute the total net liability to be reported on the December 31 balance sheet for (1) The interest-bearing
SHOW LIST OF ACCOUNTS LINK TO TEXT Compute the total net liability to be reported on the December 31 balance sheet for (1) The interest-bearing note (2) The zero-interest-bearing note Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT O Type here to search Exercise 13-2 The following are selected 2017 transactions of Larkspur Corporation Sept. 1 Purchased inventory from Encino Company on account for $58,600. Larkspur records purchases gross and uses a periodic inventory system Oct. 1 Oct. 1 Issued a $58,600, 12-month, 8% note to Encino in payment of account. Borrowed $58,600 from the Shore Bank by signing a 12-month, zero-interest-bearing $63,720 note. reauired, select "No Entry" for the account titles and enter 0 for the am
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