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On January 1, 2012, Daan Company obtained a $28,000, four-year, 9% installment note from Poklers Bank. The note requires annual payments of $8,642, beginning on December 31, 2012. a. Prepare an amortization table for this installment note. Round the computation of the interest expense to the nearest whole dollar. Enter all amounts as positive numbers. (Note: Due to rounding, the 12/31/2015 Interest expense is provided.) B. Journalize the entries for the issuance of the note and the four annual note payments. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". C. Describe how the annual note payment would be reported in the 2012 income statement.
complete the following questiontextbook accounting theory 7edition by godfrey j. hodgson a. tarca a. hamilton j. and
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The Johnson and Baker Company increased investments in foreign securities by $ 120,000, funded fixed asset acquisitions by $ 1,500,000, and sold $ 90,000 of long-term debt. Also, the firm had a net inflow of $ 300,000 from the sale of assets. What..
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precision systems manufactures cd burners and currently sells 18500 units annually to producers of laptop computers.
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