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On July 1, 2028, SOUTHERN TAGALOG COMPANY lent P308,000 to a USsupplier, evidenced by an interest-bearing-note due on July 1,2029. The note is equivalent to

On July 1, 2028, SOUTHERN TAGALOG COMPANY lent P308,000 to a USsupplier, evidenced by an interest-bearing-note due on July 1,2029. The note is equivalent to $8,000 on the loan date. The noteprincip 2 answers

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