On the first day of the fiscal year, a company issues $45,000, 8%, six-year installment notes that
Question:
a. Journalize the entry to record the issuance of the installment notes.
b. Journalize the first annual note payment.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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