Question: Show Attempt History Current Attempt in Progress On July 1, 2024, Martinez Limited received an 18-month bank loan for $286,000 from a bank at 6%

Show Attempt History Current Attempt in Progress On July 1, 2024, Martinez Limited received an 18-month bank loan for $286,000 from a bank at 6% and with these funds and another $114,000 cash, purchased land for $400,000. Prepare the journal entries to record each of the following on Martinez's books

Payment of the interest and the bank loan on January 1, 2025. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit 3025 Nterest rayaole

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