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

Question 150

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 mortgage payable (excluding the current portion) ? A) $40,544.55 B) $50,466.48 C) $9,533.52 D) $9,921.93 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

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