Question: A five-year, $100,000, 4% note payable was issued on December 3 1, 201 8. The note requires principal payments of $20,000 plus interest due each

A five-year, $100,000, 4% note payable was issued on December 31, 2018. The note requires principal payments of $20,000 plus interest due each year beginning December 31, 2019. The entry to record the annual payment at the end of year two on December 31, 2020, includes

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