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On January 1. 2016. Price Corporation signed a $240,000. two-year. 3% note. The loan required Pr4ice to make payments annually on December 31 of $120,000

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On January 1. 2016. Price Corporation signed a $240,000. two-year. 3% note. The loan required Pr4ice to make payments annually on December 31 of $120,000 principal plus interest. Joumalize the issuance of the note on January 1, 2016. Joumalize the fist payment on December 31, 2016

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