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On January 1, 2021, Carter Company bought a new equipment for $250,000 on a 8%, five-year installment note. Your job is to record journal entires

On January 1, 2021, Carter Company bought a new equipment for $250,000 on a 8%, five-year installment note. Your job is to record journal entires for several monthly payments, with the first payment starting on Feburary 1, 2021.

Record journal entries on January 1, 2021, Feburary 1, 2021, and March 1, 2021 on excel

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