Yea r payment model 2 1 10000 2 9000 3 8000 4 5000 5

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YearPayment (Model 2)1$10,00029,00038,00045,00053,000
Question 3Prepare the journal entries for the following transactions for Dundar Mifflin:1.Dundar Mifflin purchased 1,200 shares of the total of 100,000 outstanding shares of Steve & Company stock for $20.75 per share plus a $70 commission.
2.Steve & Company total earnings for the period are $84,000.
Investment Revenue84,000To record investment revenue3.Steve & Company paid a total of $40,000 in cash dividends to shareholders of record.XDividend Payable4.400005.6.Cash7.8.400009.Paid cash dividend to shareholders of record.10.11.12.Question 4To expand its operation in Ontario, Dundar Mifflin has applied for a $3,500,000 loan from the TD Bank.

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