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Category > Accounting Posted 27 May 2017 My Price 4.00

Assume that on December 1, 2013, your company borrowed $15,000, a portion

 

Assume that on December 1, 2013, your company borrowed $15,000, a portion of which is to be repaid each year on November 30. Specifically, your company will make the following principal payments: 2014, $2,000; 2015, $3,000; 2016, $4,000; and 2017, $6,000. Show how this loan will be reported in the December 31, 2014 and 2013 balance sheets, assuming that principal payments will be made when required.
 
 

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Alpha Geek
(8)
Status NEW Posted 27 May 2017 05:05 PM My Price 4.00

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Attachments

file 1495905273-1665218_1_636314084370247914_1665218.xlsx preview (105 words )
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