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for Long - Term Notes Payable PROBLEM Jenseng Inc. issues a 1 0 - year mortgage loan to obtain financing on a new building on

for Long

-

Term Notes Payable

PROBLEM

Jenseng Inc. issues a

10 -

year mortgage loan to obtain financing on a new building on December

31, 2022

with the following

\

table

[[

Mortgage loan amount,$

800, 000

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