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On July 1, 2020, Alfa Limited borrowed $5.000.000 from a bank for a 30-year period at 6% interest rate The firm must make a fixed

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On July 1, 2020, Alfa Limited borrowed $5.000.000 from a bank for a 30-year period at 6% interest rate The firm must make a fixed monthly loan payment of $29.980. Which of the following is correct who recording monthly loan payment for account Bank Loan Payable on July 31, 20200 Debit Bank Loan Payable $4.980 Debit Bank Loan Payable $25,000 Debit Bank Loan Payable $29,980 Debit Bank Loan Payable $20,020

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