On January 1,2013,Thames Company Purchases Property and Signs a 6-Year

Multiple Choice

On January 1,2013,Thames Company purchases property and signs a 6-year mortgage note $60,000 at 4%.Please see the partial amortization schedule below.
- At the end of 2013,what amount would be shown on the balance sheet for mortgage payable (excluding the current portion) ?

A) $40,544.55
B) $50,466.48
C) $9,533.52
D) $9,921.93