Business, 03.05.2021 14:20 kenyamaclark1847
Richland Feed Company borrowed $75,000 on February 1, 2020, from Univest Bank by signing a $125,000, 12%, 5-year note. The note specifies that on January 31 of each year, Richland should pay $25,000 beginning January 1, 2021. The full amount of interest is due January 1, 2025. How much should Richland Feed report as a current liability in the financial statements at December 31, 2021?
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Richland Feed Company borrowed $75,000 on February 1, 2020, from Univest Bank by signing a $125,000,...
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