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Vista Corporation received a loan of $50,000 from Bright Bank. Record the journal entries for the loan transactions: April 1: Vista Corporation received a loan
Vista Corporation received a loan of $50,000 from Bright Bank. Record the journal entries for the loan transactions:
- April 1: Vista Corporation received a loan of $50,000 from Bright Bank.
- May 1: Vista Corporation paid $2,000 as interest to Bright Bank.
- June 1: Vista Corporation repaid $20,000 of the principal amount to Bright Bank.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
978-0470161012
