Business, 06.08.2019 23:30 MsTasha06

On january 1, 2021, tropical paradise borrows $50,000 by agreeing to a 6%, six-year note with the bank. the funds will be used to purchase a new bmw convertible for use in promoting resort properties to potential customers. loan payments of $828.64 are due at the end of each month with the first installment due on january 31, 2021. required: record the issuance of the installment note payable and the first two monthly payments.

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On january 1, 2021, tropical paradise borrows $50,000 by agreeing to a 6%, six-year note with the ba...