Question: Optical Dispensary borrowed 330 000 on January 2 2016 by issuing
Optical Dispensary borrowed $330,000 on January 2, 2016, by issuing a 15% serial bond payable that must be paid in three equal annual installments plus interest for the year. The first payment of principal and interest comes due January 2, 2017. Complete the missing information. Assume the bonds are issued at face value.
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