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On January 1, Marshall Co. issued a $360,000, three-year, 6% installment note payable with payments of $134,680 principal and interest due on January 1 for

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On January 1, Marshall Co. issued a $360,000, three-year, 6% installment note payable with payments of $134,680 principal and interest due on January 1 for each of the next three years 1. Prepare the adjusting journal entry to score interest at December 31, Year 2. It required, round answers to the nearest whole amount 2. show the accounts) and amount(s) and where they will appear on a cleanedance sheet prepared on December 31, Year 2. roured, round wwers to the nearest whole wount Partial Balance Sheet Current Liabilities O DO Long-Term Liabilities

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