Question & Answer: Brief Exercise 13-9 At December 31, 2017, Indigo Corporation owes $549,500 on a note payable due February 15, 201…..

Brief Exercise 13-9 At December 31, 2017, Indigo Corporation owes $549,500 on a note payable due February 15, 2018 Your answer is incorrect. Try again If Indigo refinances the obligation by issuing a long-term note on February 14 and using the proceeds to pay off the note due February 15, how much of the $549,500 should be reported as a current liability at December 31, 20177 (Do not leave any answer field blank. Enter O for amounts.) The amount to be reported as a current liability at December 31, 2017 549000 LINK TO TEXT VIDEOs SIMILAR EXERCISE Your answer is incorrect. Try again. If Indigo pays off the note on February 15, 2018, and then borrows $1,099,000 on a long-term basis on March 1, how much of the $549,500 should be reported as a current liability at December 31, 2017, the end of the fiscal year? (Do not leave any answer field blank. Enter o for amounts.) 1099000 The amount to be reported as a current liability at December 31, 2017