Just need D Natalie and Curtis have been experiencing great demand for their cookies...
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Accounting
Just need D
Natalie and Curtis have been experiencing great demand for their cookies and muffins. As a result, they are now thinking about buying a commercial oven. They know which oven they want and that it will cost $19,720. The company already has $5,800 set aside for the purchase and will need to borrow the rest. Natalie and Curtis met with a bank manager to discuss their options. She is willing to lend Cookie \& Coffee Creations Inc. $13,920 on November 1,2023 , for a period of 3 years at a 5% interest rate. The terms provide for fixed principal payments of $2,320, on May 1 and November 1 of each year plus 6 months of interest. (a) Prepare a payment schedule for the life of the note. (If answer is 0 , please enter 0 . Do not leave any fields blank.) Determine the current portion of the note payable and the long-term portion of the note payable at October 31, 2024. Current portion \$ Long-term portion \$ eTextbook and Media List of Accounts Attempts: 0 of 3 used
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