Issuance of installment notes payable: The corporation issues the installment note payable for the amount borrowed where it is required to pay the fixed annual installment over the specified period of time which includes the principal repayment and interest on the specified rate. : Journal entries for issuance of note and payment of installments.

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Chapter 10, Problem 13E

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Issuance of installment notes payable: The corporation issues the installment note payable for the amount borrowed where it is required to pay the fixed annual installment over the specified period of time which includes the principal repayment and interest on the specified rate.

: Journal entries for issuance of note and payment of installments.

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