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  3. on january 1, 2019, benson inc, borrowed $110,000

On January 1, 2019, Benson Inc, borrowed $110,000 from the bank. Interest is calculated at...

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Accounting

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On January 1, 2019, Benson Inc, borrowed $110,000 from the bank. Interest is calculated at the rate of to\% and the term of the note is four years Four equal annual payments will be made in the amount of $34.702 each December 31 The payment schedule is shown batow: a) Show how Benson Inc. will show the note on tha year-end December 31, 2019 balance sheet. Show how Benson inc. Will show the note on the year-end December 31.2020 balance sheet

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