Solved: On april 1 2015 ardos gardening products borrowed 100000 on, Accounting Basics

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On april 1 2015 ardos gardening products borrowed 100000 on

Question - On april 1, 2015, ardos gardening products borrowed $100,000 on a 15%, 10-year note with annual installment payments of $10,000 plus interest due on april 1 of each succeeding year. Provide the first journal entry for the issuance of the note.

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Accounting Basics: On april 1 2015 ardos gardening products borrowed 100000 on

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