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On the first day of the focal year, a company as $45,000, 8%, six-year installment notes that have annual payments of $9,734. The fist
On the first day of the focal year, a company as $45,000, 8%, six-year installment notes that have annual payments of $9,734. The fist note payment consists of $3,500 of interest and $6,134 of principal reperment. Journale the entry to record the issuance of the installment notes. If an amount bex does not require an entry, Meve it blank Cash
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