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Show work and circle final answer(s) p1 On December 1, 2021, your company borrowed $33,000, a portion of which is to be repaid each year
Show work and circle final answer(s) p1
On December 1, 2021, your company borrowed $33,000, a portion of which is to be repaid each year on November 30 . Specifically, your company will make the following principal payments: 2022, $4,400;2023,$6,600,2024,$8,800, and 2025, $13,200. Show how this loan will be reported in the December 31,2022 and 2021 balance sheets, assuming principal payments will be made when required Step by Step Solution
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