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Question - What is the journal entry

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Question - What is the journal entry

On November 1, 2011, the company signed a $40,000, interest-bearing note payable. It was for one year and specified 12 percent annual interest payable at the maturity date of the note. 

Unpaid wages at December 31, 2011, of $3,600 have not been recorded.

Reference no: EM132665010

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