Use the data in Exercise 15-23 to prepare journal entries that Sackport Ventures Inc. would make to record the loan on December 31, 2014, and the four payments starting on December 31, 2015, through...

Use the data in Exercise 15-23 to prepare journal entries that Sackport Ventures Inc. would make to record the loan on December 31, 2014, and the four payments starting on December 31, 2015, through the final payment on December 31, 2018.View Solution:

Use the data in Exercise 15 23 to prepare journal entries