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M 0.8 points Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does
M 0.8 points Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 1 Return to question Brief Exercise 9-1 Record installment notes (LO9-2) On January 1, 2021, Corvallis Carnivals borrows $14,000 to purchase a delivery truck by agreeing to a 6%, five-year loan with the bank. Payments of $270.66 are due at the end of each month, with the first installment due on January 31, 2021. Record the issuance of the note payable and the first monthly payment. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round your intermediate calculations. Round your final answers to 2 decimal places.) Date No Answer is not complete. General Journal Debit Credit Almut
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