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46. Tin Co. receives $60,000 when it issues a $60,000,8%, mortgage note payable to finance the purchase of a new equipment at December 31,2022 .

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46. Tin Co. receives $60,000 when it issues a $60,000,8%, mortgage note payable to finance the purchase of a new equipment at December 31,2022 . The terms provide for annual instaliment payments of $23,282 on December 31 , beginning in 2023 . Using data from your table (above), prepare Dec. 31, 2023 a journal entry to show interest and mortgage payments

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