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Business, 13.02.2020 22:02 juan01sebastian00

On January 1, a company borrowed cash by issuing a $380,000, 6%, installment note to be paid in three equal payments at the end of each year beginning December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) a. What would be the amount of each installment?b. Prepare an amortization table for the installmet note. c. Prepare the journal entry for the second installment payment.

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On January 1, a company borrowed cash by issuing a $380,000, 6%, installment note to be paid in thre...

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