This amount represents the current portion of the note payable at 12/31/20X3. The reduction in loan principal due to monthly payments after 12/31/20X4 form the non-current portion of the note payable. These amounts are highlighted in light green and total $2,315. Therefore, at 12/31/20X3 the note payable should be split into two portions (current and non-current).
The reason Jesus had to die for our sins was so that we could be forgiven and go to be with the Lord. Jesus is God in flesh (John 1:1, 14, Col. 2:9), and only God can satisfy the Law requirements of a perfect life and perfect sacrifice that cleanses us of our sins. 2 Cor. 5:21, He made Him who knew no sin to be sin on our behalf, that we might become the righteousness of God in Him.. 2  1 Peter 2:24, and He Himself bore our sins in His body on the cross, that we might die to sin and live to righteousness; for by His wounds you were healed.. 3  Rom.
Jesus atoning death at Calvary bridged the gap that only the cross of Christ could reach (Acts 4:12). If not for His death, we would still have the wrath of God abiding on us (John 3:36b) and have nothing but a hopeless, Christ-less eternity ahead of us (Rev 20:12-15).