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On January 1, , skyla Landscaping borrowed on a %, 10-year note with annual installment payments of plus interest due on December 31 of each

On January 1, , skyla Landscaping borrowed on a %, 10-year note with annual installment payments of plus interest due on December 31 of each year. Prepare the journal entry for the first installment payment made on December 31, . Omit explanations.

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