Mathematics, 17.03.2021 23:50 alex12everett
Oriole Company borrowed $304,000 on January 1, 2020, by issuing a $304,000, 10% mortgage note payable. The terms call for annual installment payments of $45,000 on December 31. Prepare the journal entries to record the mortgage loan and the first two installment payments.
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Oriole Company borrowed $304,000 on January 1, 2020, by issuing a $304,000, 10% mortgage note payabl...
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