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Only July 1, shady creek resort borrows $330,000 cash by signing a 10-year, 9% installment note requiring equal payments each June of 51,421.what is the

Only July 1, shady creek resort borrows $330,000 cash by signing a 10-year, 9% installment note requiring equal payments each June of 51,421.what is the journal entry to record the first annual payment?

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