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Business, 13.08.2020 19:01 sarahfsakrani
Bramble Corp. receives $360,000 when it issues a $360,000, 8%, mortgage note payable to finance the construction of a building at December 31, 2020. The terms provide for annual installment payments of $60,000 on December 31. Prepare the journal entries to record the mortgage loan and the first two payments.
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Bramble Corp. receives $360,000 when it issues a $360,000, 8%, mortgage note payable to finance the...
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