On 1 June 20.20, Logo Traders obtained a loan of R800 000 from Petty Bank...
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Accounting
On 1 June 20.20, Logo Traders obtained a loan of R800 000 from Petty Bank to purchase equipment. Interest on loan is calculated at 15% per annum. The loan repayment schedule indicated that capital repayments on the loan will be made in five annual equal instalments beginning on 31 May 20.21. How will the loan be disclosed in the statement of financial position of Lesogo Traders as at 31 July 20.20? Instructions: Drag the correct answer into the correct space. An option can be used more than once. Please keep the sequence of transactions strictly according the information given but also in the correct format
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