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mg Chapter 10 Homework Sad Help Save & Exit Submit 7 On December 1, 2018, your company borrowed $24.000, a portion of which is to

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mg Chapter 10 Homework Sad Help Save & Exit Submit 7 On December 1, 2018, your company borrowed $24.000, a portion of which is to be repaid each year on November 30. Specifically your company will make the following principal payments: 2019, $3,200:2020, $4,800, 2021. $6,400, and 2022. $9,500 Show how this loan will be reported in the December 31, 2019 and 2018 balance sheets, assuming principal payments will be made when required 25 Balance Sheet (Partian As of December 31 2010 2018 Total Liabil $ 05 0

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