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On January 1, 2021, BFG Limited issues a $27,232, 5% 3-year note payable. The note calls for three annual payments of $10,000, blended principle
On January 1, 2021, BFG Limited issues a $27,232, 5% 3-year note payable. The note calls for three annual payments of $10,000, blended principle and interest. The first payment is to be made on December 31, 2021. On December 31, 2022, BFG will report interest expense of $930 $10,000 $1,362 $1,000
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
