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Blue Devil Corp. reported Notes Payable of $122793 on its 2019 Balance Sheet. If the notes don't reach maturity until 2023, and Blue Devil Corp. accrues 4% in interest on those notes in 2020, how much should Blue Devil Corp. report for Notes Payable on its 2020 Balance Sheet? $ (note: round answer to the nearest whole number; enter numbers only; no commas, periods, symbols, etc.)

Blue Devil Corp. reported Notes Payable of $122793 on its 2019 Balance Sheet. If the notes don't reach maturity until 2023, and Blue Devil Corp. accrues 4% in interest on those notes in 2020, how much should Blue Devil Corp. report for Notes Payable on its 2020 Balance Sheet? $ (note: round answer to the nearest whole number; enter numbers only; no commas, periods, symbols, etc.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Blue Devil Corp. reported Notes Payable of $122793 on its 2019 Balance Sheet. If the notes don't reach maturity until 2023, and Blue Devil Corp. accrues 4% in interest on those notes in 2020, how much should Blue Devil Corp. report for Notes Payable on its 2020 Balance Sheet? $ (note: round answer to the nearest whole number; enter numbers only; no commas, periods, symbols, etc.)
Transcribed Image Text:Blue Devil Corp. reported Notes Payable of $122793 on its 2019 Balance Sheet. If the notes don't reach maturity until 2023, and Blue Devil Corp. accrues 4% in interest on those notes in 2020, how much should Blue Devil Corp. report for Notes Payable on its 2020 Balance Sheet? $ (note: round answer to the nearest whole number; enter numbers only; no commas, periods, symbols, etc.)
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