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WOO Question 7 10 pts Johnson Company borrowed $1,250,000 from Twin Bank on January 1, 2016 in order to expand its mining capabilities. The note

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WOO Question 7 10 pts Johnson Company borrowed $1,250,000 from Twin Bank on January 1, 2016 in order to expand its mining capabilities. The note requires monthly payments of $27,128 and carried an annual interest rate of 10%. Prepare the jounral entry to: a) Record the mortgage b) Recored the first month installment payment. BIVA-A- IE * 31xX, DE - ? x 14 12pt Paragraph

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