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XYZ LTD borrowed an $100,000, 8%, 10-year financial debt at December 31, 2019 with equal annual payments. Journalize the second installment payment occurred at December
XYZ LTD borrowed an $100,000, 8%, 10-year financial debt at December 31, 2019 with equal annual payments. Journalize the second installment payment occurred at December 31, 2021. After payment, reclassify total financial debt as short-term and long-term and adjust the accounts
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