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Mel's Building Centre Has Three Obligations Outstanding on December 31

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Essay

Mel's Building Centre has three obligations outstanding on December 31, 2021, as follows:
1. Six-year, $ 75,000, 5%, note payable issued on December 31, 2019. Mel's Building Centre is required to pay $ 12,500 plus interest on December 31 each year starting in 2020.
2. Five-year, $ 90,000, 4.5%, note payable issued on November 30, 2020. Mel's Building Centre is required to pay $ 1,500 plus interest at the end of each month starting on December 31, 2020.
3. Twenty-year, $ 600,000, 3.75%, mortgage payable issued on April 1, 2004. Mel's Building Centre is required to pay $ 2,500 plus interest at the end of each month starting on May 1, 2004.
Instructions
Calculate the amount of each note to be included in current and non-current liabilities on Mel's Building Centre December 31, 2021, balance sheet. Ignore interest.

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Channels or systems of communication that distribute information and entertainment to a wide audience.

Real World

The sphere of everyday life and experiences outside of fictional, virtual, or theoretical environments.

Ideology

A system of ideas, beliefs, and values that shapes the way individuals or groups see the world and influences their behavior and decisions.

Worldview

The fundamental cognitive orientation of an individual or society encompassing natural philosophy, fundamental existential and normative postulates, or themes, values, emotions, and ethics.

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