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On January 1, 2013, Thames Company Purchases Property and Signs

Question 10

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. 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 current portion of mortgage payable? A) $50,466.48 B) $9,921.93 C) $9,533.52 D) $2,226.48 At the end of 2013, what amount would be shown on the balance sheet for current portion of mortgage payable?


A) $50,466.48
B) $9,921.93
C) $9,533.52
D) $2,226.48

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