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BUS 4011 As at 30 June 2015, Jim Ltd owes $120,000 on its loan

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January 12th, 2018

As at 30 June 2015, Jim Ltd owes $120,000 on its loan. During the next year it must make 12 monthly repayments of $1,500 including interest. If the interest will amount to $10,800 over the next year, the Balance Sheet of Jim Ltd as at 30 June 2015 will show:why the answer is current liability of $7200.

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