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nash co. receives $390,000 when it issues a $390,000, 10% mortgage note payable to finance the contrsution of a building at Decemebr 31, 2020. the

nash co. receives $390,000 when it issues a $390,000, 10% mortgage note payable to finance the contrsution of a building at Decemebr 31, 2020. the terms prove for annual installment payments of $59,000 on December 31. (a) prepare the journal entries to record the mortgage loan and the first two installment payments

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