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On September 30, 2021, Swifty Corporation received a three year, 12%, $1,000,000 bank loan. The term provide for payment of the bank loan with quarterly

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On September 30, 2021, Swifty Corporation received a three year, 12%, $1,000,000 bank loan. The term provide for payment of the bank loan with quarterly instalment payments of $100.462. starting on December 31, Swifty fasa November 30 year end and records adjusting entries annually

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