On the first day of the fiscal year, a company issues $ 2 6 , 0 0 0 , 1 2 , three year installment notes that have annual payments of $ 1 0 , 8 2 5 The first note payment consists of $ 3 , 1 2 0 of interest and $ 7 , 7 0 5 of principal repayment Question Content Area a Journalize the entry to record the issuance of the installment notes If an amount box does not require an entry, leave it blank blank Question Content Area b Journalize the first annual note payment If an amount box does not require an entry, leave it blank blank

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On the first day of the fiscal year, a company issues $ 2 6 , 0 0 0 , 1 2   , three   year installment notes that have annual payments of $ 1 0 , 8 2 5   The first note payment consists of $ 3 , 1 2 0 of interest and $ 7 , 7 0 5 of principal repayment  Question Content Area a   Journalize the entry to record the issuance of the installment notes  If an amount box does not require an entry, leave it blank  blank Question Content Area b   Journalize the first annual note payment  If an amount box does not require an entry, leave it blank  blank

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On the first day of the fiscal year, a company issues $ 2 6 , 0 0

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Managerial Accounting

On the first day of the fiscal year, a company issues $ 2 6 , 0 0

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Managerial Accounting

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