Transcribed image text: On November 1, a company issues a 4-month, 5%, $20,000 note payable, with principal
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Transcribed image text: On November 1, a company issues a 4-month, 5%, $20,000 note payable, with principal and interest due upon maturity. What amount should be reported as a current liability for this note payable at December 31, their fiscal year end? Notes payable, $20,000; Interest payable, $1,000 O Notes payable, $20,000; Interest payable, $167 O Notes payable, $20,333 O Notes payable, $20,167
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