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Business, 18.02.2020 17:33 dmorinville8

During the year, Calabash Clinic made a $50,000 cash payment toward its bank loan, which it had previously recorded; $40,000 was for principal, and $10,000 was to pay the full amount of interest due. What is the best way for this transaction to be recorded?

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During the year, Calabash Clinic made a $50,000 cash payment toward its bank loan, which it had prev...

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