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Peterman Corporation borrowed $1,800,000 on January 1,2020 . The note agreement specifies that it will pay interesi quarterly at 3% on March 31 , June

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Peterman Corporation borrowed $1,800,000 on January 1,2020 . The note agreement specifies that it will pay interesi quarterly at 3% on March 31 , June 30, September 30 and December 31 . The principal will be due on December 31 , 2025. The company's fiscal year ends on December 31 . What journal entry will Peterman Corporation make on Janua 1, 2020? What journal entry will Peterman Corporation make at the end of each quarter? What journal entries will Peterman Corporation make on December 31,2025? Prepare the journal entry that Peterman Corporation will record on January 1,2020 . (Record debits first, then credits. Exclude explanations from any journal entries.) Record the journal entry for interest expense at the end of each quarter through December 31,2025

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