Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please help!!!!!!! carla vista company borrow

PLEASE HELP!!!!!!! Carla Vista Company borrowed $840,000 on December 31,...

60.1K

Verified Solution

Question

Accounting

imageimage

PLEASE HELP!!!!!!!

Carla Vista Company borrowed $840,000 on December 31, 2019, by issuing an $840,000, 9% mortgage note payable. The terms call for annual installment payments of $130,889 on December 31. (b) 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.) Current liability $ Long-term liability $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

The Merger of Kmart & Sears As the engineer of the $11.5 billion planned purchase of...

Finance
1.2K views

Uneven Cash Flow Stream Find the present values of the following cash flow streams. The appropriate interest...

Statistics
1.2K views

The population (in millions) and the violent crime rate (per 1000) were recorded for 10 metropolitan...

Chemistry
1.2K views

Indicate whether or not each of the following ionic compounds will undergo hydrolysis and predict whether...

Advance Math
1.2K views

Solve by variation of parameters: A. y"?9y = 1/(1 ? e^(3t)) B. y" +2y'+26y = e^-t/sin(5t)

Biology
1.2K views

Producers in an ecosystem generally use photosynthesis to make their own food Which of the...

Physics
1.2K views

A man measures the period of simple pendulum inside a stationary lift and finds it...

Physics
1.2K views

A quantity of heat Q is supplied to a monoatomic ideal gas which expands at...

Accounting
1.2K views

What would we expect to happen to GDP, unemployment and inflation...

Accounting
1.2K views

What is Break-Even Analysis? Shannon's distributes its beer through a wholesaler,...

Accounting
1.2K views

need all please Wescott Company has three divisions: A, B, and...

Accounting
1.2K views

please Sharon Incorporated is headquartered in State...