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Business, 16.12.2020 17:00 jaustin1961

On January 1, 2018, Brazos Company purchased equipment and signed a six-year mortgage note for $97,000 at 15%. The note will be paid in equal annual installments of $25,631, beginning January 1, 2019. On January 1, 2019, the journal entry to record the first installment payment will include a . (Round your answer to the nearest whole number.) A. credit to Mortgage Payable for $97,000

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