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Journalize the entries to record the issuance of the note

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Reference no: EM132512063

Notes Payable: A business issued a 120 day, 5% note for $90,000 to a creditor on account.

Question 1: Journalize the entries to record the issuance of the note; and the payment of the note at maturity including interest. When journalizing use (dr) for debit and (cr)for credit.

Reference no: EM132512063

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