On November 1, 2013, EZ Products borrowed $48,000 on a 5%, 10-year note with annual installment payments of $4,800 plus interest due on November 1 of each succeeding year. Please provide the first journal entry for the initial issuance of the note.
Definitions:
Access
relates to the permission or ability to enter or utilize a resource, system, or data.
Dialog Box
A small window that appears in a software application to provide information, present options, or require a response from the user.
Customer Table
A database table that holds information related to customers, such as names, addresses, and purchase history.
Query
A request for information from a database, returning a specific set of data that matches the query's parameters.
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