Blossom Company borrowed $750,000 on December 31, 2019, by issuing an $750,000, 8% mortgage note...
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Accounting
Blossom Company borrowed $750,000 on December 31, 2019, by issuing an $750,000, 8% mortgage note payable. The terms call for annual installment payments of $111,772 on December 31.
Indicate the amount of mortgage note payable to be reported as a current liability and as a long-term liability at December 31, 2021. (Round answers to 0 decimal places, e.g. 15,250.)
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