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2. On Jan. 1 Madison Company signed a $750,000,2.5%,10-year note payable. The loan requires Madison Co. to make annual payments of $75,000 (principal) plus accrued

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2. On Jan. 1 Madison Company signed a $750,000,2.5%,10-year note payable. The loan requires Madison Co. to make annual payments of $75,000 (principal) plus accrued interest. a. Journalize the issuance of the note. b. Journalize the first three annual payments

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