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On January​ 1, 20182018​, you borrowed $ 15 comma 000$15,000 on a​ five-year, 99 percent note payable. At December​ 31, 20182018​, you should record a journal entry that includes which of the​ following?

Respuesta :

Answer:

1    

Interes expense  1350  

Interes payable   1350

Anual interest 9%    

   

2    

Interest payable  1350  

Bank Loan          2506  

Bank                                        3856

IPayment loan and interest ( if the payment is annual)

Explanation:

N Pay.   Capital Interest Loan

   

                           15.000

1 3.856 2.506 1.350 12.494

2 3.856 2.732 1.124 9.762

3 3.856 2.978 879          6.784

4 3.856 3.246 611           3.538

5 3.856 3.538 318           0

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