27:11 ook On January 1, 2017, MM Co. borrows $420,000 cash from a bank and in return signs an 8% installment note for fi

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27 11 Ook On January 1 2017 Mm Co Borrows 420 000 Cash From A Bank And In Return Signs An 8 Installment Note For Fi 1 (32.35 KiB) Viewed 55 times

27:11 ook On January 1, 2017, MM Co. borrows $420,000 cash from a bank and in return signs an 8% installment note for five annual payment $105.192 each, with the first payment due one year after the note is signed. (Table B.3) (Use PV factors from table provided.) 1. Prepare the journal entry to record issuance of the note Mc Graw View transaction list Journal entry worksheet Record the issuance of the note. Hote: Enter debits before credits Date Jan 01 General Journal < Prav Debit Credit 2 19 111 Navt