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mixas84 [53]
4 years ago
11

On January 1, a company borrowed $50,000 cash by signing a 7% installment note that is to be repaid in 5 annual end-of-year paym

ents of $12,195. The first payment is due on December 31. Prepare the journal entries to record the issuance of the note and the first and second installment payments.?

Business
1 answer:
Andreas93 [3]4 years ago
3 0

Answer:

Please see attachment

Explanation:

Please see attachment

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