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Entries for installment note transactions On January 1 of Year 1 , Bryson Company obtained a $ 3 3 , 0 0 0 , 4
Entries for installment note transactions On January of Year Bryson Company obtained a $year, installment note from Campbell Bank. The note requires annual payments of $ beginning on December of Year the nearest whole dollar. If an amount box does not require an entry, leave it blank. tableAmortization of Installment NotestableFor the YearEnding Dec. tableJanuary Carrying AmounttableNote PaymentCash PaidtableInterest Expense of January Note Carrying AmounttableDecrease inNotes PayabletableDecember Carrying AmountYear $$Year Year Year $$$ b Journalize the entries for the issuance of the note and the four annual note payments. If an amount box does not require an entry, leave it blank.
Entries for installment note transactions
On January of Year Bryson Company obtained a $year, installment note from Campbell Bank. The note requires annual payments of $ beginning on December of Year the nearest whole dollar. If an amount box does not require an entry, leave it blank.
tableAmortization of Installment NotestableFor the YearEnding Dec. tableJanuary Carrying AmounttableNote PaymentCash PaidtableInterest Expense of January Note Carrying AmounttableDecrease inNotes PayabletableDecember Carrying AmountYear $$Year Year Year $$$
b Journalize the entries for the issuance of the note and the four annual note payments. If an amount box does not require an entry, leave it blank.
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