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Brief Exercise 9-24 (Static) Determine financial statement effects of installment notes (LO9-2) On January 1, 2024, Corvallis Camivals borrows $30,000 to purchase a delivery truck

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Brief Exercise 9-24 (Static) Determine financial statement effects of installment notes (LO9-2) On January 1, 2024, Corvallis Camivals borrows $30,000 to purchase a delivery truck by agreeing to a. 5%, five.year loan with the bank. Payments of \$566.14 are due at the end of each month, with the first installment due on January 31, 2024. Determine the financial statement effects of the issuance of the instaliment note and the first monthly payment. Answer is not complete. Complete this question by entering your answers in the tabs below. Determine the financial statement effects of the first monthly payment. (Amounts to be deducted should be entered with minus sign. Rloci answer to 2 .decimal placos.)

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