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What is the amount of total cash payment

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Reference no: EM132317592

Question 1

On December 31, 2017, Lopez Sales has a Bonds Payable balance of $?2,000 and a Premium on Bonds Payable balance of $4,000. On the balance sheet, how will this information be shown?

Question 2

On March 1 , 2016 , Mandau Services issued a 3% long-term note payable for $15,000. It is payable over a 3- year term in $5,000 principal installments on March 1 of each year, beginning March 1,2017. Each yearly installment will! include both principal repayment of $5, 000 and interest payment for the preceding one-year period. What is the amount of total cash payment that Manday will make on March 1,2017?

Reference no: EM132317592

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