A preparation of a repayment schedule

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A Preparation of a repayment schedule.

On September 1, 2008, Puriton Telescopes borrowed $92,000 cash at 8% on a 4 year instalment note. Monthly payments start on October 1, 2008. Prepare an instalment loan repayment schedule for the first 3 months of the note and make entries for the 3 months.

Reference no: EM1311022

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