View Options chander.devi nos Equity. Current & Long-term Liabilities and ppts - Microsoft PowerPoint Progetti Pens Slide Show Review View Color Thick Convert to Shapes inkan Pent CA Sapna Jain Short Term Notes Payable - Ex.2 In addition to recording the note payable, the business must also pay interest expense. Ex. 2- On January 31* 2020, a business purchased inventory for Rs.8,00,000 by issuing a 1-year, 10% note payable. The fiscal year ends on March 31. How much will be shown in current liabilities? Note payable = 8 8, 8,00,000 + ( 8,00.0 xlo x3 12 IN Chat Share Screen Record Lea dd DU DO EY FY % 5 6 & 7 8