Question
lem 3.( 6 pts) Warren Company borrowed $50,000 on January 1, 2021, and signed a three-year, 5% installment note to be paid in three
lem 3.( 6 pts) Warren Company borrowed $50,000 on January 1, 2021, and signed a three-year, 5% installment note to be paid in three equal payments of $18,360 at the end of each year. (4 pts) Prepare the journal entry to record the 1 payment on December 31, 2021 (2 pts) The outstanding balance on the note as of December 31, 2021 will be $
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International Accounting
Authors: Timothy Doupnik, Hector Perera
3rd Edition
978-0078110955, 0078110955
