Only july 1 shady creek resort borrows 330000 cash by


Question - Only July 1, shady creek resort borrows $330,000 cash by signing a 10-year, 9% installment note requiring equal payments each June of 51,421. What is the journal entry to record the first annual payment?

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Accounting Basics: Only july 1 shady creek resort borrows 330000 cash by
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