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Coronado Corp borrowed $125,000 cash by signing a 4-year, 8% installment note requiring equal annual payments of $37,740 to the bank each December 31. Which

Coronado Corp borrowed $125,000 cash by signing a 4-year, 8% installment note requiring equal annual payments of $37,740 to the bank each December 31. Which of the following items would be included in Coronados journal entry to record the first annual payment

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