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The following journal entry was made by your predecessor to record the annual payment on a 5%, 10-year installment note. PAGE1. What was the carrying amount (book value) of the installment note before the payment on October 1? Points: 0/1 2. What por

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Answer #1

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Carrying Amount of the instalment note before payment on October 1 $4,065,280 Interest is computed on carrying value Interest

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Answer #2
How was book value found
answered by: Jen
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