On January 1,2013,Thames Company purchases property and signs a 6-year mortgage note for $60,000 at 4%.Please see the partial amortization schedule below. At the end of 2013,what amount would be shown on the balance sheet for the current portion of mortgage payable?

Question

On January 1,2013,Thames Company purchases property and signs a 6-year mortgage note for $60,000 at 4%.Please see the partial amortization schedule below.  At the end of 2013,what amount would be shown on the balance sheet for the current portion of mortgage payable?

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The Answer of On January 1,2013,Thames Company purchases property and signs a 6-year mortgage note for $60,000 at 4%.Please see the partial amortization schedule below.  At the end of 2013,what amount would be shown on the balance sheet for the current portion of mortgage payable?

On January 1,2013,Thames Company Purchases Property and Signs a 6-Year