6. Lucy Company signed a 5-year, 5%, $250,000 note payable. They are required to make...
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Accounting
6. Lucy Company signed a 5-year, 5%, $250,000 note payable. They are required to make annual payments of $50,000 (principal), and interest owed. a. Journalize the issuance of the note b. Journalize the first two annual payments Date Accounts Ref. Debit/Credit
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