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On Auguat L a $54,000,8%,3 year instaliment note payable is issued by a company. The note requiles equal payments of principat plus accrued intereat of

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On Auguat L a $54,000,8%,3 year instaliment note payable is issued by a company. The note requiles equal payments of principat plus accrued intereat of 520,953 . Br. The enty to record the fint poyment on July 31 would incluse: Mutipie Choke Creat to Canh 36.533B. Debis Cait of S20.951 81 : Ovbiz to Notes Payable of 520.53881 Cieor to Noter Fipable of 520.9539 Debi to biterest Eepence of $432000

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