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On January 1, Year 1, the general ledger of Company A Includes the following account balances: Credit Debit $ 12,900 37,400 153,700 84,300 137,000 Accounts

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On January 1, Year 1, the general ledger of Company A Includes the following account balances: Credit Debit $ 12,900 37,400 153,700 84,300 137,000 Accounts Cash Accounts Receivable Inventory Land Buildings Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Totals $3,500 11,300 36,400 217,000 157,100 $425,300 $425,300 During January Year 1, the following transactions occur January borrow $117,000 from Company Corporation. The installment note beare interest at 45 annually and 1 matures in 5 years. Payments of $2,155 are required at the end of each month for 60 months January Receive $32,700 from customers on accounts receivable. January Pay cash on accounts payable, $28,000. 10 January Pay cash tor salaries, $30.600. 15 January Company sales for the month total $198,000. Sales include 566,700 for cash and 5131,300 on account. 30 The cost of the units old is $11,000 January pay the first monthly installment of $2,155 related to the $117.000 borroved on January 1. Nound your 31 Interest calculation to the nearest dollar. Company A Adjusted Trial Balance January 31, Year 1 Accounts Debit Credit Totals $ $

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