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Please solve A & B 6. (10 points) Honnan company purchased two new delivery van for a total of $250,000 on January 1, 2020. The
Please solve A & B
6. (10 points) Honnan company purchased two new delivery van for a total of $250,000 on January 1, 2020. The company paid $40.000 cash and signed $210,000, 3.year, 8% note for the remaining balance. The note is to be paid in three equal onald-of-year payments with the fint payment on December 31, 20201 Each payment includes interest on the paid balance plus principal a) Prepare a note mortation table using the format below Debit Debit Credit Parid Ending Date Beginning Balance Ending Bolence Notes Payable Cash Interest Expose 12/31/2010 12/31/01 12/31/2002 b) Prepare the journal entries to record the purchase of the sand on January 1, 2020 so the second mal installment payment on December 31, 2021 Step by Step Solution
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