Answer:
The amount of the note payable which should L include in the current liabilities section of its December 31, 2018, balance sheet is $1,810,000
Explanation:
The computation of notes payable amount is shown below:
Notes payable = Outstanding amount of notes payable - prepaid amount of the note
where,
Outstanding amount of notes payable is $2,400,000
And, the prepaid amount of the note is $590,000
Now, put these values to the above formula
So, the value would be equal to
= $2,400,000 - $590,000
= $1,810,000
The $3,900,000 amount is not considered in the computation part. Thus, it is ignored
Hence, the amount of the note payable which should L include in the current liabilities section of its December 31, 2018, balance sheet is $1,810,000
