Question: On August 1. a $57,600.8%, 3-year installment note payable is issued by a company. The note requires equal payments of principal plus accrued interest of

On August 1. a $57,600.8%, 3-year installment note payable is issued by a company. The note requires equal payments of principal plus accrued interest of $22,350.73. The entry to record the first payment on July 31 would include

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