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on march 1, 2026 green co purchase of equipment by issuing an $ 875,000- 5 years 4% note payable. interest is payable annually. green's normal

on march 1, 2026 green co purchase of equipment by issuing an $ 875,000- 5 years 4% note payable. interest is payable annually. green's normal borrowing rate 8%. what would green record on march 1, 2026? using the effective interest method, what would be recorded on march, 2027?

note: do journal entries for all period plus show your work

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