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1 On Feb 1, 2016 the company borrows $50,000 from the bank at 5% annual interest for 3 years. 2 Interest payments are due every

1 On Feb 1, 2016 the company borrows $50,000 from the bank at 5% annual interest for 3 years. 2 Interest payments are due every 3 months. Make entry for May 1 , 2016 payment. 3 On Feb 1, 2019 the loan...

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