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On January 1 , Journey Company borrowed $129,000 cash by signing a 10 -year, 8% installment note requiring equal monthly payments (a total of 120

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On January 1 , Journey Company borrowed $129,000 cash by signing a 10 -year, 8% installment note requiring equal monthly payments (a total of 120 payments). How much interest will be included in the first month's payment (round to the nearest whole dollar)? Question 22 5 pts Jack Company has a $292 petty cash fund. At the end of the first month, the accumulated receipts represent $17 for delivery expenses, $168 for merchandise inventory, and $8 for miscellaneous expenses. The fund has a balance of $49 The journal entry to record the reimbursement of the account includes credit to cash of

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