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Author Question: On August 15, 2018, Dante's Desserts signed a $30,000 8% 15-year installment note which requires ... (Read 409 times)

bobthebuilder

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On August 15, 2018, Dante's Desserts signed a $30,000 8% 15-year installment note which requires annual payments of $2,000 plus interest. Dante's will classify this loan on the December 31, 2018 Balance Sheet as $2,000 current portion of long-term debt and $30,000 long-term debt.
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Marked as best answer by bobthebuilder on Feb 18, 2020

mcomstock09

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