Business, 20.02.2020 22:35 philliple481

On September 30, World Co. borrowed $1,000,000 on a 9% note payable. World paid the first of four quarterly payments of $264,200 when due on December 30. In its December 31, balance sheet, what amount should World report as note payable?

a) $735,800
b) $750,000
c) $758,300
d) $825,800

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On September 30, World Co. borrowed $1,000,000 on a 9% note payable. World paid the first of four qu...

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