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3 years ago

11

Which journal entry below would be properly used to record an issuance of an installment note (borrowing money) from first bank

on january 1 of this year. the principal of the note is $50,000, interest rate is 7%, terms of the note 5 years, annual payment $12,195?

1 answer:

Drupady [299]3 years ago

8 0

Principal of the note

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Units Materials Conversion

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