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Required Information (The following information applies to the questions displayed below! On January 1, MM Co, borrows $390,000 cash from a bank and in return

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Required Information (The following information applies to the questions displayed below! On January 1, MM Co, borrows $390,000 cash from a bank and in return signs an 4% Installment note for five annual payments of $87,605 each Analyze transactions involving issuance of the note and its first annual payment, by showing their effects on the accounting equation- specifically, Identify the accounts and amounts (including or for each transaction Anth Launties| Equity increas by or alty Jon1 Dec 31

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