How will the notes payable be shown on the balance sheet

Reference no: EM131911366

Problem

On March 1, 2016, Baker Services issued a 7% long-term notes payable for $16,000. It is payable over a 4-year term in $4,000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2017. How will the notes payable be shown on the balance sheet dated December 31, 2016?

Reference no: EM131911366

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How will the notes payable be shown on the balance sheet : On March 1, 2016, Baker Services issued a 7% long-term notes payable. How will the notes payable be shown on the balance sheet dated December 31, 2016?

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