On january 1 2010 zinn company obtained a 52000 four-year

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On January 1, 2010, Zinn Company obtained a $52,000, four-year, 6.5% installment note from Fidelity Bank. The note requires annual payments of $15,179, beginning on December 31, 2011.

a) Prepare an amortization table for this installment note.
b) Journalize the entries for the issuance of the note and the four annual note payments.

Reference no: EM13597274

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