Question: Blossom Lake Corp. issuesa $660,000,4 year, 4% note payable on March 31.2024. The terms provide for fixed principal payments annually of $165,000 (a) Prepare the

Blossom Lake Corp. issuesa $660,000,4 year, 4% note payable on March 31.2024. The terms provide for fixed principal payments annually of $165,000 (a) Prepare the journal entries to record the note on March 31, 2024, and the frst pavinent on March 31, 2025. What oll debl entries before credit entries. Onedit account tities are aitomatically indented when the amount is entered Do not indent manualy. if no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the erder presented in the pmbitm

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