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Beaumont Building Supplies Limited signed a 1 0 - year, 6 % , $ 1 - million mortgage on December 3 1 , 2 0
Beaumont Building Supplies Limited signed a year, $million mortgage on December to help finance a plant expansion. The terms of the mortgage provide for semiannual payments of $ pertaining to both principal and interest. Payments are due on June and December Required:Record journal entry on the issue of the mortgage payable on December
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