Exercise 10-29 Part Level Submission

Exercise 10-29 (Part Level Submission) Cane Company receives $34.000 when it i payments of $64.000 on December 31 s $34.000, 104, montage note payable to finance the construction of a bunding at December 31, 2022. The terms provide for annual installment Your answer is correct Penamorandu a ge not for years Annual Interest Period Reduction Cash Payment Principal Interest Expense Issue date 12/31/23 12/31/24 Prepare the journal entry to record the mortgage loan. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec 31 2032