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EE 14-8 p. 690 PE 14-8A Journalizing installment notes OBJ. 4 On the first day of the fiscal year, a company issues $65,
Posted: Mon May 30, 2022 8:28 am
by answerhappygod
- Ee 14 8 P 690 Pe 14 8a Journalizing Installment Notes Obj 4 On The First Day Of The Fiscal Year A Company Issues 65 1 (325.82 KiB) Viewed 15 times
EE 14-8 p. 690 PE 14-8A Journalizing installment notes OBJ. 4 On the first day of the fiscal year, a
company issues $65,000, 6%, five-year installment notes that have annual payments of $15,431. The first note payment consists of $3,900 of interest and $11,531 of principal repayment. a. Journalize the entry to record the issuance of the installment notes. b. Journalize the first annual note payment.