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TB MC Qu. 10-38 (Static) On January 1, Year 1, Platte... On. danuary 1, Year1, Patte Corporation issues a 5-year note payable for 55,000 .

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TB MC Qu. 10-38 (Static) On January 1, Year 1, Platte... On. danuary 1, Year1, Patte Corporation issues a 5-year note payable for 55,000 . The intedest rate is 5% and the annual payment of $1,156, due each Decentber 31. includeri both interest and priricipal. Which of the following cortectly shows the effect of the issuance of the note on Platte's financial statements? Minisis chisice Giphon e

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