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  3. an installment note payable for a principal amount

An installment note payable for a principal amount of $94,000 at 6% Interest requires Lawson...

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Accounting

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An installment note payable for a principal amount of $94,000 at 6% Interest requires Lawson Company to repay the principal and interest in equal annual payments of $22,315 beginning December 31, or the first year, for each of the next five years. After the final payment, the carrying amount on the note will be Oa. 51.263 Ob $22,115 C. 51 Od. 521.033

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