What is the amount of payments
What is the amount of payments that must be made at end of each 8 years to accumulate a fund of $90,000 by the end of 8th year, if the fund earns 8% interest compounded annually.
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When you are preparing journal entries and the event is $4,000 in supplies were used, how do you record that as a debit and a credit? I assume that you would credit the $4,000 to supplies but what would you debit to make it balance?
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