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On January 1 , 2 0 2 0 , ABC Company purchases a vehicle and signs a six - year loan for $ 5 0

On January 1,2020, ABC Company purchases a vehicle and signs a six-year loan for $50,000 at 7 percent.
a. Complete the partial amortization schedule assuming they will make a blended monthly payment of $900.00.
b. At the end of 2020, what amount would be shown on the balance sheet for the current portion of the loan?

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