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Question 8 of 8 -10 Current Attempt in Progress Metlock Enterprises...

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Accounting

Question 8 of 8
-10
Current Attempt in Progress
Metlock Enterprises has three notes payable outstanding on December 31,2024, as follows:
A six-year, 6%,$72,000 note payable issued on March 31,2024. Metlock Enterprises is required to pay $12,000 plus interest on March 31 each year starting in 2025.
A seven-month, 4%,$34,800 tote payable issued on July 1,2024. Interest and principal are payable at maturity.
A 30-month, 6%,$144,000 note payable issued on September 1,2024. Metlock Enterprises is required to pay $4,800 plus interest on the first day of each month starting on October 1,2024. All payments are up to date.
(a)
Calculate the current portion of each note payable.
Current Portion
Note 1,$
Note 2,$
Note 3,$
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