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A company takes out a rix-year, $600.000 lons,term loan on March 1 . The interest rate on the loan is 7% per year, and blended

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A company takes out a rix-year, $600.000 lons,term loan on March 1 . The interest rate on the loan is 7% per year, and blended payments of $10,229 (including both interest and principal) are to be made at the end of each month. The following is an extract from the loan amortization table the bank provided the company withe (a) Your answer is correct. Determine the missing amounts. (Round answers to 0 decimal ploces es. 125) Prepare the joumal entries to record the inception of the loan and the first two monthly papments. (Credit scoount tities are autometically hidented wheh amount is enternd Do not indent manually If no entry is roquirad, select "ag Entry" for the docount tides and enfer 0 for the anountw, tist all debit entries before crodit entries found ansees fo 0 decimal plocer es 125

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