The note payable is dated June 30, 2012 and is due on June 30, 2014....
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Accounting
The note payable is dated June 30, 2012 and is due on June 30, 2014. Interest at 6% is payable annually on June 30. Depreciation on the furniture and fixtures for the year is $22,000. The furniture and fixtures originally cost $320,000.
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