On the first day of the fiscal year, a company issues $65,000, 10%, 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
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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