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On January 1MM Co. borrows $260.000 cash from a bank and in return is an $85 10 each intentore for five annual payments of 1.

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On January 1MM Co. borrows $260.000 cash from a bank and in return is an $85 10 each intentore for five annual payments of 1. Prepare the journal entry to record issuance of the note 2. For the first 565,119 annual payment of December 1, what amount goes toward interest expense! What amount goes toward principal reduction of the note? Complete this question by entering you were the tabs below Required Required 2 Prepare the journal entry to record a nce of the note Journal entry worksheet Record the of the note bonec DC Ceny red2

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