=+PE 14-6B Redemption of bonds payable obj. 3 EE 14-6 p. 628 On the first day of
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=+PE 14-6B Redemption of bonds payable obj. 3 EE 14-6 p. 628 On the first day of the fiscal year, a company issues $65,000, 10%, six-year installment notes that have annual payments of $14,924. The first note payment consists of $6,500 of interest and $8,424 of principal repayment.
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