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Northern Pharmacy borrowed $930,000 on January 2, 2025, by issuing a 12% serial bond payable that must be paid in three equal annual installments
Northern Pharmacy borrowed $930,000 on January 2, 2025, by issuing a 12% serial bond payable that must be paid in three equal annual installments plus interest for the year. The first payment a principal and interest comes due January 2, 2026. Complete the missing information. Assume bonds are issued at face value. (Complete all input fields. For accounts with a 50 balance, make sure enter a 0 in the appropriate cell.) Current Liabilities: Bonds Payable Interest Payable Long-Term Liabilities: Bonds Payable December 31 2025 2026 2027 310000
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