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On the first day of the current year, a company issue a $140,000, 11%, 5-year installment note with annual payments of $35,658. Develop the amortization

On the first day of the current year, a company issue a $140,000, 11%, 5-year installment note with annual payments of $35,658. Develop the amortization table for the installment notes and record the corresponding journal entries for the note issuance and the five annual payments until the liquidation in full of the long-term debt.

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