Business, 07.05.2020 14:57 paytonevans696

Madison Company issued an interest-bearing note payable with a face amount of $13,200 and a stated interest rate of 8% to the Metropolitan Bank on August 1, Year 1. The note carried a one-year term. Based on this information alone, the amount of total liabilities appearing on Madison's Year 1 balance sheet would be:

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Madison Company issued an interest-bearing note payable with a face amount of $13,200 and a stated i...

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