Enter in the T-accounts the following transactions that occurred in 2020: a. Paid one-half of the...

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Enter in the T-accounts the following transactions that occurred in 2020: a. Paid one-half of the principal on the long-term note payable. b. Sold $1,600 of the investments for $1,600 cash. c. Sold one-half of the property and equipment for $1,850 cash. d. Borrowed $3,200 from the bank and signed a note promising to pay the principal and interest at an annual rate of 5 percent ir three years. e. Paid $620 in dividends to shareholders. Enter in the T-accounts the following transactions that occurred in 2020: a. Paid one-half of the principal on the long-term note payable. b. Sold $1,600 of the investments for $1,600 cash. c. Sold one-half of the property and equipment for $1,850 cash. d. Borrowed $3,200 from the bank and signed a note promising to pay the principal and interest at an annual rate of 5 percent ir three years. e. Paid $620 in dividends to shareholders.

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a Paid onehalf of the principal on the longterm note payable TAccount for LongTerm Note Payable Debi... View the full answer