On September 1, 2010, Puriton Telescopes borrowed $ 100,000 cash at 6 percent on an eight- year
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On September 1, 2010, Puriton Telescopes borrowed $ 100,000 cash at 6 percent on an eight- year installment note. Monthly payments start on October 1, 2010. Prepare an installment loan repayment schedule for the first three months of the note and make the entries for the three months.
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PV 100000 c 12 n 96 FV 0 r 6 ANN 1 131414 Period Payment Int...View the full answer
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Related Book For 
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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