On 11-01-16, X borrowed $6,000,000 at 4%. X made interest payments on 02-01-17 and 05-01-17. On 08-01-17, X made the last interest payment and paid back the principle. Added, X only prepares AJEs every 12-31.
Prepare the entries X made on: a. 11-01-16 b. 12-31-16 c. 02-01-17 d. 05-01-17 e. 08-01-17
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