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1 . On January 1, 2010, a corporation borrows 536,000 from a bank to purchase an equipment. It signs 4% Installment note requiring 3 annual

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1 . On January 1, 2010, a corporation borrows 536,000 from a bank to purchase an equipment. It signs 4% Installment note requiring 3 annual payments of principal plus interest 1 Required Write the required numbers (A, B, C, D) in table below Beginning Balance interest expense (A)? notes payable cash payments Ending balance ork Chapter 2 Liabilities Period ending date 31/12/2010 31/12/2011 31/12/2012 Total (B)? (C)? (D)? Important Notes Show all calculations # + x Beginning Balance 2 titles Interest expense (A)? notes payable cash payments Period ending date 31/12/2010 31/12/2011 31/12/2012 Total Ending balance (B)? (C)? (D)? - Important Notes Show all calculations Write each required in a separate line A BE s $ 5 5 Answer Calculation Calculation Calculation Calculation DE

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