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The business is expected to make principal payments totalling $400,000 towards the loan during the fiscal year to December 31,2021. Given that the note payable

The business is expected to make principal payments totalling $400,000 towards the loan during the fiscal year to December 31,2021. Given that the note payable (long term) is $2,500,000. How do I record this transaction in the general journal?

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