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Business, 03.12.2019 01:31 SimplyGenesis762
On january 1, 2015, brooks inc. borrows $90,000 from a bank and signs a 5% installment note requiring four annual payments of $25,381. click here to see payment schedule. record the first installment payment on december 31, 2015. complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus. if more than one account needs to be debited or credited, enter the account titles alphabetically.
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On january 1, 2015, brooks inc. borrows $90,000 from a bank and signs a 5% installment note requirin...
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