Question: E 1 5 . 1 5 ( LO 5 ) AP The following instalment payment schedule is for an instalment note payable: Instructions a .
ELO AP The following instalment payment schedule is for an instalment note payable:
Instructions
a Is this a fixed principal or blended payment schedule?
b What is the interest rate on the note?
c Prepare the journal entry to record the first instalment payment.
d What are the noncurrent and current portions of the note at December
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