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Daniel purchased a new piece of equipment to be used in its new facility. The $370.000 piece of a $333,000,6%, 5-year mortgage payable issued on

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Daniel purchased a new piece of equipment to be used in its new facility. The $370.000 piece of a $333,000,6%, 5-year mortgage payable issued on January 1, 2022. The terms provide for equipment was purchased with a $37.000 down payment and with cash received through the sunce nts of $79,053 on December 31 Prepare an installment payments schedule for the first five payments of the notes payable 2 decino s 125 2 Principal Annual Interest Period c of Prin e Expense Issue Date Amount may be due to rounding Textbook and Media List of Accounts decimal places, e.g. 125. Credit account titles are a Prepare the journal entry related to the notes payable for December 31, 2022. (Round answers to not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 e Textbook and Media List of Accounts Show the balance sheet presentation for this obligation for December 31, 2022. (Hint: Be sure to distinguish between the current and long-term portions of the note.) Roun places, s. 125.) DANIEL Balance Sheet (Partial) e Textbook and Media List of Accounts

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