Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

Deprecated: Array and string offset access syntax with curly braces is deprecated in /home/magicsocial/public_html/index.php on line 3

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What Are Notes Payable And How Do Companies Use Them? – Get Instagram followers. Magic Social

What Are Notes Payable And How Do Companies Use Them?


notes payable definition

When businesses need to borrow money, they may go to a bank and sign a promissory note. A promissory note is a written agreement from the business to borrow money for a certain amount of time and interest rate. Promissory notes are the basis for the account called Notes Payable. The cash account is credited, and the balance sheet records it as a liability. These are written agreements in which the borrower obtains a specific amount of money from the lender and promises to pay back the amount owed, with interest, over or within a specified time period. It is a formal and written agreement, typically bears interest, and can be a short-term or long-term liability, depending on the note’s maturity time frame.

Current assets include cash or accounts receivables, which is money owed by customers for sales. The ratio of current assets to current liabilities is an important one in determining a company’s ongoing ability to pay its debts as they are due. Under this agreement, a borrower obtains a specific amount of money from a lender and promises to pay it back with interest over a predetermined time period. The interest rate may be fixed over the life of the note, or vary in conjunction with the interest rate charged by the lender to its best customers . This differs from an account payable, where there is no promissory note, nor is there an interest rate to be paid . Many people argue that if account payable is a short-term liability, why can’t the notes payable for less than one year be treated as account payable. It should be understood that a promissory note or note payable is a legal contract and formal agreement between the borrower and lender.

  • In accounts payable, there is no need to issue promissory notes or to pay interest on the amount borrowed.
  • It would be inappropriate to record this transaction by debiting the Equipment account and crediting Notes Payable for $18,735 (i.e., the total amount of the cash out-flows).
  • When businesses get loans from banks, they will typically show up in the general journal account called Notes Payable.
  • Example balance-sheet showing both long and short-term Notes Payable under Liabilities.
  • At the beginning of each month, Todd makes the $2,000 loan payment and debits the loan account for $1,500, debits interest expense for $500, and credits cash for $2,000.
  • Businesses use money to purchase inventory, equipment, land, buildings, or many other things to help them to expand or become more profitable.

However, the nature of liability depends on the amount, terms of payments, etc. For instance, a bank loan to be paid back in 3 years can be recorded by issuing a note payable. The nature of note payable as long-term or short-term liability entirely depends on the terms of payment. In accounts payable, there is no need to issue promissory notes or to pay interest on the amount borrowed. Whereas in the case of notes payable, the borrower is required to pay interest on the principle amount borrowed apart from the need to issue promissory notes. Notes Payable can either be categorized as current or non-current accounts depending how the length of the loan. For example, a short-term loan to purchase additional inventory in preparation for the holiday season would be classified as a current liability, because it will likely be paid off within one year.

Accounting Articles

Yes, you can include notes payable when preparing financial projections for your business. This step includes reducing projections by the amount of payments made on principal, while also accounting for any new notes payable that may be added to the balance. Notes payable always indicates a formal agreement between your company and a financial institution or other lender. The promissory note, which outlines the formal agreement, always states the amount of the loan, the repayment terms, the interest rate, and the date the note is due.

notes payable definition

A problem does arise, however, when an obligation has no stated interest or the interest rate is substantially below the current rate for similar notes. GoCardless is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017, registration number , for the provision of payment services. However, there are a few key differences between these two accounts. Various specific manufacturing processes require the subcontracted services of other companies. These items are often consumed in large quantities and cannot be purchased solely with cash due to the liquidity required, and therefore are bought using credit. The cost to license software scales quickly with the size of a business and its number of users.

Transactions recorded in accounts payable are often between two trustworthy companies. On the other hand, accounts payable typically represent amounts due to suppliers and vendors of a company. If their accounts payable decreases, they’ve been paying off their previous debts more quickly than they’re purchasing new items with credit. Todd borrow $100,000 from Grace to purchase this year’s inventory. Todd signs thenoteas the maker and agrees to pay Grace back with monthly payments of ,000 including 0 of monthly interest until the note is paid off. دومنه اونلاين

Use As Financial Instruments

You own a moving company and need to purchase a large moving truck in order to keep up with customer demand. After conducting some research, you find that the moving truck that best works for your company costs $75,000. Your business does not have that much cash available for the purchase so you decide to go to the bank to get a loan for the vehicle. Accounts payable usually represent normal day-to-day business expenses, such as raw materials and inventory. Accounts payable may be converted into notes payable upon agreement between a company and its vendor. Supplies and services are simply bought on credit and then paid off within a promised period of time, up to a year away.

Promissory notes may be used in combination with security agreements. For example, a promissory note may be used in combination with a mortgage, in which case it is called a mortgage note. The firm’s more significant debts, however, are the larger and longer lasting liabilities that have a substantial share of the firm’s capital and financial structures. These debts determine the firm’s ability to benefit from financial leverage, the firm’s ability to raise capital, and the firm’s ability to earn acceptable margins. Most of these debts belong in the general category Notes Payable. Notes payable include terms agreed upon by both parties—the note’s payee and the note’s issuer—such as the principal, interest, maturity , and the signature of the issuer. Current assets are a balance sheet item that represents the value of all assets that could reasonably be expected to be converted into cash within one year.

How Do The Current Ratio And Quick Ratio Differ?

By contrast, accounts payable is a company’s accumulated owed payments to suppliers/vendors for products or services already received (i.e. an invoice was processed). Similar to accounts payable, notes payable is an external source of financing (i. سحب الاموال من سكريل e. cash inflow until the date of repayment). Many inventory notes like the one in our example are only one year notes, so they entire balance would be reported on thefinancial statementsas a currentliability. Notes payable are written agreements in which one party agrees to pay the other party a certain amount of cash. Finally, with the interest determined, you can enter the amount on your balance sheet as a debit in interest payable, and as a credit to the cash account. Code of Hammurabi Law 100 stipulated repayment of a loan by a debtor to a creditor on a schedule with a maturity date specified in written contractual terms. The types of notes payable can include single-payment, amortized, negative amortization, and interest-only agreements.

The following is an example of notes payable and the corresponding interest, and how each is recorded as a journal entry. Of course, you will need to be using double-entry accounting in order to record the loan properly. Accounts payable is always found under current liabilities on your balance sheet, along with other short-term liabilities such as credit card payments.

Classification Of Notes Payable

The time allowed for payment is an agreed-upon timeline at the will of both parties to contracts. It can be three months, six months, one year, or as the parties consider feasible. A note payable might be written if the debtor has failed to pay the promised amount on the due date. The account payable might be converted into a note payable on non-payment beyond the due date. A note payable can be defined as a written promise to pay a sum of the amount on the future date for the services or product.

  • A note payable is a liability which can sometimes include the interest payable on the face of the note; meaning the face value of the note will include future interest charges.
  • Even though we may think that businesses have endless supplies of money from our purchases, the amount of available cash that companies have may not be enough to cover costs and expand at the same time.
  • Themaker of the notecreates theliabilityby borrowing funds from the payee.
  • Managing your payments is a top priority when fulfilling your obligations as a borrower. افضل ارقام الروليت
  • Sometimes, companies use an account called “other current liabilities” as a catch-all line item on their balance sheets to include all other liabilities due within a year that are not classified elsewhere.

If notes payable are due within 12 months, it is considered as current to the balance sheet date and non-current if it is due after 12 months. Investors who hold notes payable as securities can benefit from generally higher interest rates and lower risk compared to other assets.

The bank deposits the funds in your business account, and you are able to purchase the moving truck you need to expand your company. There are typically no specific terms under a company’s accounts payable. There are no payment obligations to creditors other than the repayment of the principal within a year. The amount debited to a company’s notes payable is usually received from banks, credit companies, and other financial institutions. In most cases, promissory notes are made payable within 12 months.

Why Do Investors Care About Current Liabilities?

In the interest payable account, a company records any interest incurred during the accounting period that has not yet been paid. Notes payable, also called promissory notes, are written agreements where a borrower agrees to pay back the borrowed amount of money with interest at a certain date in the future. Notes payable is a written agreement in which a borrower promises to pay back an amount of money, usually with interest, to a lender within a certain time frame. Notes payable are recorded as short- or long-term business liabilities on the balance sheet, depending on their terms. Both notes payable and accounts payable are treated as liabilities on the balance sheet.

When adding up your notes payable, keep them separate from your accounts payable. Both types of debt count as liabilities on the balance sheet, but accounts payable are all short-term debts, typically paid off in less than a month. The major notes payable definition difference when looking at notes payable vs accounts payable is that accounts payable doesn’t include a formal written promise, or promissory note. It serves as a more informal record of any outstanding purchases that need to be paid off.

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Software Acquisition III : REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM – Form 8-K/A.

Posted: Mon, 14 Feb 2022 22:26:34 GMT [source]

Flying cash or feiqian was a promissory note used during the Tang dynasty (618 – 907). Flying cash was regularly used by Chinese tea merchants, and could be exchanged for hard currency at provincial capitals. The Chinese concept of promissory notes was introduced by Marco Polo to Europe.

Company

Appointment Scheduling 10to8 10to8 is a cloud-based appointment scheduling software that simplifies and automates the process of scheduling, managing, and following up with appointments. Keep track of what you spend and owe with budgeting and forecasting software. It will not only keep your business healthy, but put your own mind at ease, too. You could’ve sworn you handed them a $20 bill at the cash-only bar, but they only sent you $10 via an app later that day. By now, the happy hour margaritas have gotten to your head, and you can’t remember the amount you lent to them in the first place. The principal is just the total payment less the amount allocated to interest.

If you’re looking for accounting software that can help you better track your business expenses and better track notes payable, be sure to check out The Blueprint’s accounting software reviews. Short-term notes payable are due within a year, whereas long-term notes payable are due in over one year. They are therefore categorized differently on the company balance sheet.

A mortgage, for instance, uses the real estate being purchased as collateral for the loan. Accounting Principles II says some companies use them to solve a cash crunch.

How Notes Payable Work

For example, you can’t pay your invoice by the due date, so you sign a promissory note to get an extension. The price of the extension is paying interest on the money you owe, so it’ll end up costing your more. Here the company has paid off part of the interest; that’s why we credited cash account because when asset decreases, we credit the account. It has agreed-upon terms and conditions that must be satisfied to honor the agreement. However, the account payables are informal records, and the terms & conditions are not rigid. Since they’re not written agreements, the terms can be changed on the agreement between the vendor and the business entity. It’s because the interest amount was not due on the date of loan issuance.

notes payable definition

Notes due within the next 12 months are considered to be current or short-term liabilities, while notes due after one year are long-term or non-current liabilities. When you take out a loan, it’s important to manage your payments carefully. Any business loan payments and outstanding amounts should be marked on the balance sheet as part of the notes payable account. Here’s a closer look at what the notes payable account is, and what function it serves in business accounting. Notes payable is a written promise to pay a certain amount at some future date.

The loan was taken on Nov 1st, 2019, and it would become payable on May 1st, 2020. When payments are made on the bank note principal , the Notes Payable account will be debited to reflect the amount remaining to pay off the loan. In addition to these entries, the interest must be recorded with an additional $250 debit to the interest payable account and adjusting entry in cash. Notes payable are created for high-risk situations that demand a formal contract. The amounts of money involved are often much higher and for riskier investments, like buying a new business property.

However, a promissory note is generally less detailed and less rigid than a loan contract. For one thing, loan agreements often require repayment in installments, while promissory notes typically do not. Furthermore, a loan agreement usually includes the terms for recourse in the case of default, such as establishing the right to foreclose, while a promissory note does not. These are also significant when businesses want to extend the payment period or credit period and hence issue note. It also feature a discount that is the difference between the proceeds of a note payable and its face value and is written in a contra liability account. John is an accountant in a furniture selling company that wants to raise a short-term loan of $10,000 for managing the working capital needs pertaining to the next 3 months.