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On January 2, 2023, the Casual Elite Co. acquired land to build a distribution centre by issuing a 7%, three-year note for $210,000. The note will be paid in three annual payments of $80,021 each December 31. The payment schedule follows: Year Annual Payment Principal Portion of Payment Interest Portion of Payment Principal Balance at Year-End 2023 $ 80,021 $ 65,321 $ 14,700 $ 144,679 2024 80,021 69,893 10,128 74,786 2025 80,021.

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On January 2, 2023, the Casual Elite Co. acquired land to build a distribution centre by issuing a 7%, three-year note for $210,000. The note will be paid in three annual payments of $80,021 each December 31. The payment schedule follows: Year Annual Payment Principal Portion of Payment Interest Portion of Payment Principal Balance at Year-End 2023 $ 80,021 $ 65,321 $ 14,700 $ 144,679 2024 80,021 69,893 10,128 74,786 2025 80,021

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On January 2 2023 the Casual Elite Co acquired land to bu.pdf

  • 1. On January 2, 2023, the Casual Elite Co. acquired land to build a distribution centre by issuing a 7%, three-year note for $210,000. The note will be paid in three annual payments of $80,021 each December 31. The payment schedule follows: Year Annual Payment Principal Portion of Payment Interest Portion of Payment Principal Balance at Year-End 2023 $ 80,021 $ 65,321 $ 14,700 $ 144,679 2024 80,021 69,893 10,128 74,786 2025 80,021