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Prepare the entry to record the issuance of the note

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Question: On May 2, Sunland Company lends $90,400 to Chang, Inc., issuing a 6-month, 12% note. At the maturity date, November 2, Chang indicates that it cannot pay. Prepare the entry to record the issuance of the note. The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132757390

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