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On January 1. Year 1 a company borrowed $70,000 cash by signing a 9% installment note that is to be repaid with 4 annual year-end

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On January 1. Year 1 a company borrowed $70,000 cash by signing a 9% installment note that is to be repaid with 4 annual year-end payments of $21.607. the first of which is due on December 31. Year 1. 1) Prepare a note amortization table using the format below: Prepare the company's journal entry to record the note's issuance. Prepare the journal entries to record the first three installment payments

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