Question: A B C D E F G H K On January 1st, 2022, Norwood Co. purchases equipment for $25,000 using a note. Interest is

A B C D E F G H K On January 1st,

A B C D E F G H K On January 1st, 2022, Norwood Co. purchases equipment for $25,000 using a note. Interest is 5% a year payable at the end of two years. Make the journal entry to record the initial purchase on January 1st: 5 Make the Journal entry to record the accrual of interest on December 31st, 2022. 7 8 9 10 11 Make the journal entry when the note comes due and Norwood Co. pays what they owe on December 31st, 2023. 12 13 14 15

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