Question: =+EX 14-10 Entries for issuing installment note transactions obj. 4 On January 1, 2010, Guiado Company obtained a $140,000, 10-year, 11% installment note from Best

=+EX 14-10 Entries for issuing installment note transactions obj. 4 On January 1, 2010, Guiado Company obtained a $140,000, 10-year, 11% installment note from Best Bank. The note requires annual payments of $23,772, beginning on December 31, 2010. Journalize the entries to record the following:

2010 Jan. 1 Issued the notes for cash at their face amount.

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