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2. Albedo Corp. purchased a building on January 1, 2022 for a nonlnterest bearing note requiring 8 equal annual installments of 200,090. First payment was
2. Albedo Corp. purchased a building on January 1, 2022 for a nonlnterest bearing note requiring 8 equal annual installments of 200,090. First payment was made on the purchase date and are due every end of the 1year. Effective interest rate Is 11%. Requirement: F. Remaining balance of Discount on Notes Payable on December 31, 2022
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