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dy i Saved Required information The following information applies to the questions displayed below.) On January 1, MM Company borrows $430,000 cash from a
dy i Saved Required information The following information applies to the questions displayed below.) On January 1, MM Company borrows $430,000 cash from a bank and in return signs an 4% installment note for five annual payments of $96,590 each. Analyze transactions involving issuance of the note and its first annual payment, by showing their effects on the accounting equation -specifically, identify the accounts and amounts (including + or -) for each transaction. Date Jan 1 Dec 31 Assets Liabilities + Equity
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