It should be reported as a restricted cash in the long-term section of the company balance sheet.
Note payable can be defined a the money a company or an organization owes or the money they are expected to payback..
Note payable is classified as long term liabilities. Hence, the cash amount of $100,000 should be reported or recorded in the balance sheet as a restricted cash.
Therefore the $100,000 is reported as a restricted cash.
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