Business, 07.04.2020 21:11 tinalmath

Tolino Company signed a 5-year note payable on January 1, 2019, of $200,000. The note requires annual principal payments each December 31 of $40,000 plus interest of 6%. The entry to record the annual payment on December 31, 2020, includes:

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Tolino Company signed a 5-year note payable on January 1, 2019, of $200,000. The note requires annua...

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