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On January 1. 2018, Lrberg-Finch signed a $560,000 8 year 5% note. The loan equired uberg-Finch to make w ual payments on December 31 of

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On January 1. 2018, Lrberg-Finch signed a $560,000 8 year 5% note. The loan equired uberg-Finch to make w ual payments on December 31 of STO000 pe Requirements 1. Journalize the issuance of the note on January 1, 2018 2 Journalize the first note payment on December 31, 2018. al plus interet Requirement 1. Joumalize the issuance of the note on January 1, 2018. (Record debits first, then credits. Select expinnations on the last line of the journal entry.) Debit Date 2018 Jan. 1 Credit Requirement 2. Joumalize the first note payment on December 31,2018. (Record debits first then credits. Select explanations on the last line of the journal entry) Debit Credit Date 2018 Dec. 31 Choose from any ist or enter any number in the input fields and then continue to the next question. n January 1, 2018, Linberg-Finch signed a $560,000, 8-year, 5% note. The loan required equirements 1. Journalize the issuance of the note on January 1, 2018. 2. Journalize the first note payment on December 31, 2018. Debit Credit Accounts and Explanations Date 2018 Jan. 1 Cash Interest Expense Interest Payable Interest Revenue Requireme Notes Payable ber 31, 2018. (Record debits first, then c Date 2018 Dec. 31 Accounts and Explanations Debit Credit Choose trom any list or enter any number in the input fields and then continue to the next question. esc quirement 2. Jounalize the first note payment on December 31, 2018. (Record debits first, th Date Accounts and Explanations Debit Credit 2018 Dec. 31 Cash nterest Expense Interest Payable Choose fror Interest Revenue Notes Payable ds and then continue to the next ques esc F) F2 F3 F4

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