In order to expand business the management of vereos inc, Ask an Expert

Finance

In order to expand business, the management of Vereos Inc. decided to issue long term notes payable for $50,000. The note will be paid over ten years with payments of $5,000 plus 12% interest. Provide the journal entry needed after one year for the first initial payment.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91943985

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