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Please show the SOLUTION IN A GOOD ACCOUNTING FORM. On Jan. 1, 2021, XYZ Bank extended a 3-year P5,000,000 loan to ABC Corporation. The interest

Please show the SOLUTION IN A GOOD ACCOUNTING FORM. On Jan. 1, 2021, XYZ Bank extended a 3-year P5,000,000 loan to ABC Corporation. The interest rate agreed upon is 7%. The bank incurred direct and in...

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