On July 1,2013,Avery Services Issued a Long-Term Note Payable for $10,000.It

Essay

On July 1,2013,Avery Services issued a long-term note payable for $10,000.It is payable over a 5-year term in $2,000 installments on July 1 of each succeeding year.Please provide the initial journal entry for the issuance of the note.
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