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The remaining amount was the accumulated interest due for

Question - At the end of the year, $57,000 cash was paid to the local bank for the long-term note payable taken out on January 1, 2019. $47,000 of this was applied to the loan principal. The remaining amount was the accumulated interest due for 2019. What is the journal entry?

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Accounting Basics: The remaining amount was the accumulated interest due for

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