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On January 1, 2024, Lynd - Flint signed a $480,000, 8-year, 5% note. The loan required Lynd - Flint to make annual payments on December
On January 1, 2024, Lynd - Flint signed a $480,000, 8-year, 5% note. The loan required Lynd - Flint to make annual payments on December 31 of $60,000 principal plus interest. Requirements 1. Journalize the issuance of the note on January 1, 2024. 2. Journalize the first note payment on December 31, 2024
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