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Business, 23.06.2019 12:40 brenda0014

Acompany finances the purchase of equipment with a $500,000 5-year note payable. the note has an interest rate of 12% and a monthly payment of $11,122. after two payments have been made, what amount should the company report as the note payable balance in its december 31 balance sheet?

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Acompany finances the purchase of equipment with a $500,000 5-year note payable. the note has an int...
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