The Platte Corporation issues a 5-year note payable on January 1, Year 1 for $5,000....
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The Platte Corporation issues a 5-year note payable on January 1, Year 1 for $5,000. The interest rate is 5% and the annual payment of $1,156, due each December 31, includes both interest and principal Which of the following shows the effect of the December 31, Year 1 peyment? asn) AssetsH Liab. MEquity Revenue - Expense - Net Inc. cash flow (1,156) FA Liab. Equity Revenue-ExpenseNet Inc. 26:32 (1,156) (1,156NA NA NA NA (906) PA/250) OA (1,156) OA 50) NA 250(250) c.1,156)- NA (1,156) NA1,156 (1.156) D.(1.156) 250(250 NA Multiple Choice Choice C Choice B
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