Cullumber Lake Corp. issues a 672000, 4 year, 3% note payable on March 31, 2024. The terms

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Cullumber Lake Corp. issues a 672000, 4 year, 3% note payable on March 31, 2024. The terms provide for fixed principal payments annually of $168000. Prepare journal entry to record the note on March 31, 2024. And the first payment on march 1 2025

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Accounting Principles

ISBN: 978-1119048473

7th Canadian Edition Volume 2

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Posted Date: Apr 16, 2024 04:25 AM

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Cullumber Lake Corp. issues a 672000, 4 year, 3% note payable on March 31, 2024. The terms

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Journal Entries for Cullumber Lake Corp March 31 2024 Note Issuance This entry records the issuance ... View the full answer

Accounting Principles

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