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how would the calculations look like to answer this question? 1. Brisbane Ltd. issues a 5 year 6%, $60,000 note payable on July 1. The

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1. Brisbane Ltd. issues a 5 year 6%, $60,000 note payable on July 1. The terms of the note include monthly blended principal and interest payments of $1,125, The entry to record the first instalment payment will show a: 60 000-1125 a. Debit to notes payable of $300 Debit to notes payable for $825 c. Debit to interest expense for $3,600 d. Debit to interest expense for $720

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