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On January 1 , 2 0 2 5 , Baker Corporation signed a $ 6 0 , 0 0 0 , five - year, 1
On January Baker Corporation signed a $ fiveyear, note. The loan required Baker Corporation to make payments annually on December of $ principal plus interest.
Journalize the issuance of the note on January
Journalize the first payment on December
Record debits first, then credits. Select explanations on the last line of the journal entry.
Journalize the issuance of the note on January
tableDateAccounts and Explanation,Debit,CreditJan
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