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Prepare journal entries for the loan

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Question - On July 15, 2020, Lynn's Pins (a local bowling alley) borrows $150000 from the Bank of Horrible Lending, at 12% interest for 120 days Lynn's Pins has a July 31 year end. Prepare journal entries for the loan, year end, and loan repayment?

Reference no: EM133111889

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Prepare journal entries for the loan : On July 15, 2020, Lynn's Pins (a local bowling alley) borrows $150000 from the Bank of Horrible Lending, Prepare journal entries for the loan
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