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3. Prepare entries to record mortgage note and installment payments. (LO 4) Trawler Company borrowed $500,000 on December 31, 2017, by issuing a $500,000, 7%

3. Prepare entries to record mortgage note and installment payments. (LO 4) Trawler Company borrowed $500,000 on December 31, 2017, by issuing a $500,000, 7% mortgage note payable. The terms call for ...

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