Business, 28.06.2021 15:50 alejosy50

On January 1, 2019, Brooks Inc. borrows $90,000 from a bank and signs a 5% installment note requiring four annual payments of $25,381. The first installment payment is made on December 31. Required:
Write down the necessary journal entry

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On January 1, 2019, Brooks Inc. borrows $90,000 from a bank and signs a 5% installment note requirin...

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