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on March 31, 2020, La Porte Company obtained a 10-year, 5%, $130,000 mortgage loan from a bank to finance the purchase of a warehouse in

on March 31, 2020, La Porte Company obtained a 10-year, 5%, $130,000 mortgage loan from a bank to finance the purchase of a warehouse in the future. The terms provide for semi-annual instalment payments on September 30 and March 31

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