Question
A 5-year, 7.00% annual loan was acquired on September 1, 2018 for $19,000.00. The monthly payments are due at the end of each month. What
A 5-year, 7.00% annual loan was acquired on September 1, 2018 for $19,000.00. The monthly payments are due at the end of each month. What will be the general journal entry recorded when the December 31, 2018 payment is made? (check figure: loan payment = 376.22)
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Financial Accounting
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
2nd Edition
0133118207, 978-0133118209
