On April 1,2015,Ardos Gardening Products borrowed $100,000 on a 15%,10-year note with annual installment payments of $10,000 plus interest due on April 1 of each succeeding year.Provide the journal entry for the first installment payment made on April 1,2016.

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The Answer of On April 1,2015,Ardos Gardening Products borrowed $100,000 on a 15%,10-year note with annual installment payments of $10,000 plus interest due on April 1 of each succeeding year.Provide the journal entry for the first installment payment made on April 1,2016.

On April 1,2015,Ardos Gardening Products Borrowed $100,000 on a 15%,10-Year