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This question realtes to Accounting - Can you journal the first payment of this question. Can you also explain why the interest payable and interest
This question realtes to Accounting - Can you journal the first payment of this question. Can you also explain why the interest payable and interest expense in the payment?
Mar Borrowed $360,000 from Lessburg Bank. The six-year, 10% note requires payments Each payment consists of $60,000 principal plus one year's due annually, on March 1 interestStep by Step Solution
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