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Business, 13.02.2021 05:30 dani19cano

Carla Vista Company borrowed $319,000 on January 1, 2020, by issuing a $319,000, 10% mortgage note payable. The terms call for annual installment payments of $60,000 on December 31. (a

Prepare the journal entries to record the mortgage loan and the first two installment payments.


Carla Vista Company borrowed $319,000 on January 1, 2020, by issuing a $319,000, 10% mortgage note

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Carla Vista Company borrowed $319,000 on January 1, 2020, by issuing a $319,000, 10% mortgage note p...
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